$297 Closing Credit*
$25,000
930 SqFt
2 Beds
•1 Full Bath
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Ellwood Park / Monument, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ellwood Park / Monument has remained a Seller's Market.
Key Takeaway
Ellwood Park / Monument is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellwood Park / Monument, MD
How much do homes in Ellwood Park / Monument, MD cost?
Median Sold Price
$105,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-8.7%)
Key Takeaway
Homes in Ellwood Park / Monument have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Ellwood Park / Monument was $105,000 in October 2024, down 8.7% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $78K | $100K | +28.2% |
| 3 Bedrooms | $115K | $109K | -5.2% |
| 4 Bedrooms | $190K | $138.9K | -26.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellwood Park / Monument housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Madison / Eastend | $99.2K | $104.5K | +5.3% |
| Ellwood Park / Monument | $115K | $105K | -8.7% |
| Baltimore Highlands | $153K | $132.5K | -13.4% |
Housing Supply in Ellwood Park / Monument, MD
How many homes are available in Ellwood Park / Monument, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Ellwood Park / Monument real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellwood Park / Monument housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellwood Park / Monument, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Ellwood Park / Monument in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ellwood Park / Monument, MD
How long does it take to sell a home in Ellwood Park / Monument, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 113 Days | +560.5% |
Summary: Homes in Ellwood Park / Monument had an average of 113 days on market in Oct 2024, up by 560.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ellwood Park / Monument are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in Ellwood Park / Monument; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
