$10,000 Closing Credit*
$849,999
5,063 SqFt
4 Beds
•3 Full Baths, 1 Partial
Susan Reinhart, Listing Office: Coldwell Banker Realty
Is Owings, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Owings has remained a Seller's Market.
Key Takeaway
Owings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Owings, MD
How much do homes in Owings, MD cost?
Median Sold Price
$664,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$39,000(+6.2%)
Key Takeaway
Homes in Owings have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Owings was $664,000 in September 2024, up 6.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $556K | $587.4K | +5.7% |
| 4 Bedrooms | $585K | $600K | +2.6% |
| 5+ Bedrooms | $676.2K | $775K | +14.6% |
Summary: Owings housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in Owings, MD
How many homes are available in Owings, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Owings real estate market had 11 homes for sale in September 2024, a 37.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Owings housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Owings, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Owings in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Owings, MD
How long does it take to sell a home in Owings, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 4 Days | -82.2% |
Summary: Homes in Owings had an average of 4 days on market in Sep 2024, down by 82.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Owings are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Owings; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
