Is Sparks Glencoe, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparks Glencoe is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sparks Glencoe was a Seller's Market.

Key Takeaway

Sparks Glencoe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sparks Glencoe, MD

How much do homes in Sparks Glencoe, MD cost?

Median Sold Price

$430,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+8.9%)

Key Takeaway

Homes in Sparks Glencoe have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Sparks Glencoe was $430,000 in November 2024, up 8.9% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $247.5K$270K
+9.1%
3 $400K$477.5K
+19.4%
4 $432.5K$570K
+31.8%
5+ $1.5M$995K
-35.8%

Summary: Sparks Glencoe 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 9.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes decreased by 35.8%.

Median Sold Price Compared To Nearby Cities

Phoenix
+9.9%
Sparks Glencoe
+8.9%
Cockeysville
+5.6%
Monkton
-14.1%

Housing Supply in Sparks Glencoe, MD

How many homes are available in Sparks Glencoe, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1722+29.4%

Summary: The Sparks Glencoe real estate market had 22 homes for sale in November 2024, a 29.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 35
+66.7%
4 37
+133.3%
5+ 87
-12.5%

Summary: The Sparks Glencoe 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparks Glencoe, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Sparks Glencoe in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Sparks Glencoe, MD

How long does it take to sell a home in Sparks Glencoe, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days3 Days-23.1%

Summary: Homes in Sparks Glencoe had an average of 3 days on market in Nov 2024, down by 23.1% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sparks Glencoe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Sparks Glencoe; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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