$10,000 Closing Credit*
$1,198,000
5,002 SqFt
6 Beds
•4 Full Baths, 1 Partial
Andrew Millard Erickson, Listing Office: Samson Properties
Is Glen Arm, 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, Glen Arm has remained a Seller's Market.
Key Takeaway
Glen Arm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Arm, MD
How much do homes in Glen Arm, MD cost?
Median Sold Price
$605,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+2.5%)
Key Takeaway
Homes in Glen Arm have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Glen Arm was $605,000 in October 2024, up 2.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $360K | +10.8% |
| 3 Bedrooms | $500K | $498.7K | -0.3% |
| 4 Bedrooms | $619.7K | $640K | +3.3% |
| 5+ Bedrooms | $710.5K | $771K | +8.5% |
Summary: Glen Arm 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 10.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Parkville | $280K | $305K | +8.9% |
| Glen Arm | $590K | $605K | +2.5% |
| Perry Hall | $400K | $410K | +2.5% |
| Baldwin | $670K | $649.9K | -3.0% |
Housing Supply in Glen Arm, MD
How many homes are available in Glen Arm, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Glen Arm real estate market had 18 homes for sale in October 2024, a 28.6% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Glen Arm 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 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 Glen Arm, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Glen Arm in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Glen Arm, MD
How long does it take to sell a home in Glen Arm, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | 0.4% |
Summary: Homes in Glen Arm had an average of 25 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glen Arm are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Glen Arm; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
