$5,343 Closing Credit*
$449,900
2,600 SqFt
3 Beds
•2 Full Baths, 1 Partial
Daniel Borowy, Listing Office: Redfin Corp
Is Elkridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elkridge has remained a Seller's Market.
Key Takeaway
Elkridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkridge, MD
How much do homes in Elkridge, MD cost?
Median Sold Price
$459,900
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$100(0%)
Key Takeaway
The sold price of homes in Elkridge has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $292.5K | -2.5% |
| 3 Bedrooms | $437.5K | $446K | +1.9% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $662.5K | $599.9K | -9.4% |
Summary: Elkridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Jessup | $515K | $550K | +6.8% |
| Elkridge | $460K | $459.9K | 0% |
| Ilchester | $505K | $505K | 0.0% |
Housing Supply in Elkridge, MD
How many homes are available in Elkridge, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 68 | -1.4% |
Summary: The Elkridge real estate market had 68 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 35 | 29 | -17.1% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Elkridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 12 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkridge, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Elkridge in November 2024, down by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Elkridge, MD
How long does it take to sell a home in Elkridge, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -14.2% |
Summary: Homes in Elkridge had an average of 14 days on market in Nov 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Elkridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
