$5,344 Closing Credit*
$450,000
1,200 SqFt
3 Beds
•1 Full Bath
Daniel Drechsler, Listing Office: Douglas Realty LLC
Is Ellicott City, 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, Ellicott City has remained a Seller's Market.
Key Takeaway
Ellicott City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellicott City, MD
How much do homes in Ellicott City, MD cost?
Median Sold Price
$675,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+5.1%)
Key Takeaway
Homes in Ellicott City have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Ellicott City was $675,000 in November 2024, up 5.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $365K | $400K | +9.6% |
| 3 Bedrooms | $559K | $592.5K | +6.0% |
| 4 Bedrooms | $730K | $750K | +2.7% |
| 5+ Bedrooms | $875K | $950K | +8.6% |
Summary: Ellicott City 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 increased by 9.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Ellicott City, MD
How many homes are available in Ellicott City, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 147 | 118 | -19.7% |
Summary: The Ellicott City real estate market had 118 homes for sale in November 2024, a 19.7% 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 | 29 | 22 | -24.1% |
| 3 Bedrooms | 50 | 45 | -10.0% |
| 4 Bedrooms | 41 | 34 | -17.1% |
| 5+ Bedrooms | 27 | 17 | -37.0% |
Summary: The Ellicott City 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 decreased by 24.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 37%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 43 | -21.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellicott City, you could pay more than the asking price. 46.5% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Ellicott City in November 2024, down by 21.8% month-over-month. Of the 43 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Ellicott City, MD
How long does it take to sell a home in Ellicott City, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +18.1% |
Summary: Homes in Ellicott City had an average of 17 days on market in Nov 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ellicott City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in Ellicott City; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
