$5,047 Closing Credit*
$425,000
832 SqFt
3 Beds
•2 Full Baths
John F Toner, Listing Office: Keller Williams Realty Centre
Is Howard County, 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, Howard County has remained a Seller's Market.
Key Takeaway
Howard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howard County, MD
How much do homes in Howard County, MD cost?
Median Sold Price
$572,553
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,434(+5.2%)
Key Takeaway
Homes in Howard County have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Howard County was $572,553 in November 2024, up 5.2% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $199K | +15.7% |
| 2 Bedrooms | $320K | $326K | +1.9% |
| 3 Bedrooms | $455K | $485K | +6.6% |
| 4 Bedrooms | $679.1K | $690.8K | +1.7% |
| 5+ Bedrooms | $885.2K | $960K | +8.4% |
Summary: Howard County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Counties
| Baltimore County | $328.8K | $350K | +6.4% |
| Howard County | $544.1K | $572.5K | +5.2% |
| Carroll County | $429.1K | $450.7K | +5.0% |
| Montgomery County | $580.9K | $606.9K | +4.5% |
| Anne Arundel County | $476.7K | $488.6K | +2.5% |
Housing Supply in Howard County, MD
How many homes are available in Howard County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 714 | 643 | -9.9% |
Summary: The Howard County real estate market had 643 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 92 | 79 | -14.1% |
| 3 Bedrooms | 267 | 239 | -10.5% |
| 4 Bedrooms | 225 | 221 | -1.8% |
| 5+ Bedrooms | 119 | 95 | -20.2% |
Summary: The Howard County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 20.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 248 | 208 | -16.1% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
104 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howard County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 208 homes were sold or pending in Howard County in November 2024, down by 16.1% month-over-month. Of the 208 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for Howard County, MD
How long does it take to sell a home in Howard County, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +14.2% |
Summary: Homes in Howard County had an average of 17 days on market in Nov 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howard County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 208 homes were sold in Howard County; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
