$2,375 Closing Credit*
$200,000
1,328 SqFt
2 Beds
•1 Full Bath, 1 Partial
Andrew D Schweigman, Listing Office: Douglas Realty LLC
Is Gwynn Oak, 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, Gwynn Oak has remained a Seller's Market.
Key Takeaway
Gwynn Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gwynn Oak, MD
How much do homes in Gwynn Oak, MD cost?
Median Sold Price
$300,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,500(+6.6%)
Key Takeaway
Homes in Gwynn Oak have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Gwynn Oak was $300,000 in November 2024, up 6.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $196.2K | $200K | +1.9% |
| 3 Bedrooms | $255.5K | $275.5K | +7.8% |
| 4 Bedrooms | $309.5K | $330K | +6.6% |
| 5+ Bedrooms | $369K | $385K | +4.3% |
Summary: Gwynn Oak 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 1.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Catonsville | $378K | $430K | +13.7% |
| Windsor Mill | $304.5K | $325K | +6.7% |
| Pikesville | $357.1K | $381.2K | +6.7% |
| Gwynn Oak | $281.5K | $300K | +6.6% |
| Baltimore | $219.2K | $225.7K | +3.0% |
Housing Supply in Gwynn Oak, MD
How many homes are available in Gwynn Oak, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 143 | +10.0% |
Summary: The Gwynn Oak real estate market had 143 homes for sale in November 2024, a 10.0% increase 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 54 | 66 | +22.2% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Gwynn Oak 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 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gwynn Oak, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in Gwynn Oak in November 2024, down by 9.7% month-over-month. Of the 28 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Gwynn Oak, MD
How long does it take to sell a home in Gwynn Oak, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +35.2% |
Summary: Homes in Gwynn Oak had an average of 25 days on market in Nov 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gwynn Oak are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Gwynn Oak; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
