$3,859 Closing Credit*
$325,000
2,002 SqFt
4 Beds
•2 Full Baths, 1 Partial
Louis Chirgott, Listing Office: Core Maryland Real Estate LLC
Is Towson, 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, Towson has remained a Seller's Market.
Key Takeaway
Towson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Towson, MD
How much do homes in Towson, MD cost?
Median Sold Price
$440,375
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$375(-0.1%)
Key Takeaway
The sold price of homes in Towson has remained the same since last year.
Summary: The median home sold price in Towson was $440,375 in October 2024, down 0.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $145K | -0.4% |
| 2 Bedrooms | $222.5K | $247.5K | +11.2% |
| 3 Bedrooms | $335K | $349K | +4.2% |
| 4 Bedrooms | $608.5K | $605K | -0.6% |
| 5+ Bedrooms | $925K | $780K | -15.7% |
Summary: Towson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Parkville | $280K | $305K | +8.9% |
| Lutherville Timonium | $452K | $472K | +4.4% |
| Glen Arm | $590K | $605K | +2.5% |
| Towson | $440.7K | $440.3K | -0.1% |
Housing Supply in Towson, MD
How many homes are available in Towson, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 119 | +16.7% |
Summary: The Towson real estate market had 119 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 52 | 54 | +3.8% |
| 4 Bedrooms | 26 | 34 | +30.8% |
| 5+ Bedrooms | 10 | 18 | +80.0% |
Summary: The Towson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towson, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Towson in October 2024, up by 6.9% month-over-month. Of the 31 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for Towson, MD
How long does it take to sell a home in Towson, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 35 Days | +161.3% |
Summary: Homes in Towson had an average of 35 days on market in Oct 2024, up by 161.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Towson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Towson; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
