$5,047 Closing Credit*
$425,000
2,080 SqFt
3 Beds
•2 Full Baths, 1 Partial
Victoria Northrop, Listing Office: Northrop Realty
Is Ilchester, 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, Ilchester has remained a Seller's Market.
Key Takeaway
Ilchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ilchester, MD
How much do homes in Ilchester, MD cost?
Median Sold Price
$500,000
$262/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Ilchester has remained the same since last year.
Summary: The median home sold price in Ilchester was $500,000 in October 2024, the same as last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312K | $315.5K | +1.1% |
| 3 Bedrooms | $455K | $492.5K | +8.2% |
| 4 Bedrooms | $736.5K | $707K | -4.0% |
| 5+ Bedrooms | $895K | $885K | -1.1% |
Summary: Ilchester 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 1.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Columbia | $449.6K | $485.8K | +8.0% |
| Ellicott City | $645K | $675K | +4.7% |
| Elkridge | $455.5K | $457K | 0.3% |
| Ilchester | $500K | $500K | 0.0% |
Housing Supply in Ilchester, MD
How many homes are available in Ilchester, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 65 | -5.8% |
Summary: The Ilchester real estate market had 65 homes for sale in October 2024, a 5.8% decrease 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 | 17 | 13 | -23.5% |
| 3 Bedrooms | 30 | 23 | -23.3% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Ilchester 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 decreased by 23.5%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ilchester, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Ilchester in October 2024, down by 40.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Ilchester, MD
How long does it take to sell a home in Ilchester, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 18 Days | +54.2% |
Summary: Homes in Ilchester had an average of 18 days on market in Oct 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ilchester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Ilchester; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
