$4,986 Closing Credit*
$419,900
936 SqFt
3 Beds
•2 Full Baths
Marcy A Gaines, Listing Office: CENTURY 21 New Millennium
Is Sparrows Point, 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, Sparrows Point has remained a Seller's Market.
Key Takeaway
Sparrows Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparrows Point, MD
How much do homes in Sparrows Point, MD cost?
Median Sold Price
$369,900
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,400(+3.5%)
Key Takeaway
Homes in Sparrows Point have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Sparrows Point was $369,900 in November 2024, up 3.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $367.8K | +59.9% |
| 2 Bedrooms | $212.3K | $216K | +1.7% |
| 3 Bedrooms | $340.5K | $353.5K | +3.8% |
| 4 Bedrooms | $414.9K | $470K | +13.3% |
| 5+ Bedrooms | $382.4K | $515K | +34.7% |
Summary: Sparrows Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 34.7%.
Housing Supply in Sparrows Point, MD
How many homes are available in Sparrows Point, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The Sparrows Point real estate market had 40 homes for sale in November 2024, a 2.6% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sparrows Point 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparrows Point, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Sparrows Point in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Sparrows Point, MD
How long does it take to sell a home in Sparrows Point, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -21.3% |
Summary: Homes in Sparrows Point had an average of 28 days on market in Nov 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparrows Point are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Sparrows Point; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
