$4,275 Closing Credit*
$360,000
1,820 SqFt
3 Beds
•2 Full Baths
Jennifer L Drennan, Listing Office: Taylor Properties
Is Glen Burnie, 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 Burnie has remained a Seller's Market.
Key Takeaway
Glen Burnie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Burnie, MD
How much do homes in Glen Burnie, MD cost?
Median Sold Price
$369,850
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,700(+3.0%)
Key Takeaway
Homes in Glen Burnie have sold for 3% more than they did a year ago.
Summary: The median home sold price in Glen Burnie was $369,850 in October 2024, up 3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $198K | +16.5% |
| 2 Bedrooms | $231.5K | $245K | +5.8% |
| 3 Bedrooms | $340K | $359.3K | +5.7% |
| 4 Bedrooms | $407K | $410K | +0.7% |
| 5+ Bedrooms | $435K | $450K | +3.4% |
Summary: Glen Burnie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Glen Burnie, MD
How many homes are available in Glen Burnie, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 187 | 209 | +11.8% |
Summary: The Glen Burnie real estate market had 209 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 80 | 94 | +17.5% |
| 4 Bedrooms | 61 | 66 | +8.2% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Glen Burnie 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 increased by 7.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 68 | +36.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Burnie, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 68 homes were sold or pending in Glen Burnie in October 2024, up by 36.0% month-over-month. Of the 68 sold homes, 26% were sold under asking, 29% were sold at asking, and 44% were sold over asking.
Days on Market for Glen Burnie, MD
How long does it take to sell a home in Glen Burnie, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 22 Days | +67.2% |
Summary: Homes in Glen Burnie had an average of 22 days on market in Oct 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glen Burnie are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 68 homes were sold in Glen Burnie; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
