$7,719 Closing Credit*
$649,995
2,450 SqFt
4 Beds
•2 Full Baths, 2 Partial
Henry M Bond, Listing Office: Cummings & Co Realtors
Is Towson, 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, 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
$440,833
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$1,416(-0.3%)
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 $440,833 in September 2024, down 0.3% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $145K | -0.4% |
| 2 Bedrooms | $219K | $247.5K | +13.0% |
| 3 Bedrooms | $333K | $349.4K | +4.9% |
| 4 Bedrooms | $625K | $597K | -4.5% |
| 5+ Bedrooms | $852.5K | $792.5K | -7.0% |
Summary: Towson housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Glen Arm | $567.5K | $641.2K | +13.0% |
| Parkville | $278.8K | $305K | +9.4% |
| Lutherville Timonium | $455K | $468.3K | +2.9% |
| Towson | $442.2K | $440.8K | -0.3% |
Housing Supply in Towson, MD
How many homes are available in Towson, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 102 | 112 | +9.8% |
Summary: The Towson real estate market had 112 homes for sale in September 2024, a 9.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 28 | 32 | +14.3% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Towson housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towson, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Towson in September 2024, down by 12.5% month-over-month. Of the 28 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +31.7% |
Summary: Homes in Towson had an average of 17 days on market in Sep 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Towson are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 28 homes were sold in Towson; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
