$5,343 Closing Credit*
$449,900
1,926 SqFt
5 Beds
•3 Full Baths
Brian I Leibowitz, Listing Office: Maryland Realty Company
Is Glen Burnie, 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, 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
$375,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.2%)
Key Takeaway
Homes in Glen Burnie have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Glen Burnie was $375,000 in November 2024, up 4.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $221K | +33.9% |
| 2 Bedrooms | $234K | $246K | +5.1% |
| 3 Bedrooms | $345.3K | $360K | +4.2% |
| 4 Bedrooms | $405K | $412K | +1.7% |
| 5+ Bedrooms | $435K | $455K | +4.6% |
Summary: Glen Burnie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Hammarlee Estates | $343K | $366.5K | +6.9% |
| Glen Burnie | $360K | $375K | +4.2% |
Housing Supply in Glen Burnie, MD
How many homes are available in Glen Burnie, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 199 | 180 | -9.5% |
Summary: The Glen Burnie real estate market had 180 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 31 | 25 | -19.4% |
| 3 Bedrooms | 90 | 80 | -11.1% |
| 4 Bedrooms | 60 | 59 | -1.7% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Glen Burnie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 47 | -38.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Burnie, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Glen Burnie in November 2024, down by 38.2% month-over-month. Of the 47 sold homes, 17% were sold under asking, 28% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +35.2% |
Summary: Homes in Glen Burnie had an average of 26 days on market in Nov 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Burnie are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 47 homes were sold in Glen Burnie; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
