$7,837 Closing Credit*
$659,999
2,970 SqFt
4 Beds
•3 Full Baths
Eric Rasnic, Listing Office: Pearson Smith Realty, LLC
Is Towson, 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, 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
$458,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+5.3%)
Key Takeaway
Homes in Towson have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Towson was $458,000 in November 2024, up 5.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $145K | 0.0% |
| 2 Bedrooms | $230K | $245K | +6.5% |
| 3 Bedrooms | $333K | $350K | +5.1% |
| 4 Bedrooms | $600K | $622.5K | +3.8% |
| 5+ Bedrooms | $888K | $859.9K | -3.2% |
Summary: Towson 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 6.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Lutherville Timonium | $450K | $478.1K | +6.3% |
| Parkville | $288.3K | $304.5K | +5.6% |
| Towson | $435K | $458K | +5.3% |
| Glen Arm | $605K | $605K | 0.0% |
Housing Supply in Towson, MD
How many homes are available in Towson, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 117 | +4.5% |
Summary: The Towson real estate market had 117 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 53 | 52 | -1.9% |
| 4 Bedrooms | 32 | 38 | +18.8% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Towson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towson, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Towson in November 2024, up by 6.3% month-over-month. Of the 34 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +3.9% |
Summary: Homes in Towson had an average of 19 days on market in Nov 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 34 homes were sold in Towson; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
