Is Fallston, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fallston has remained a Seller's Market.
Key Takeaway
Fallston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fallston, MD
How much do homes in Fallston, MD cost?
Median Sold Price
$530,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fallston have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Fallston was $530,000 in May 2024, down 2.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $279.5K | $387.5K | +38.6% |
| 3 Bedrooms | $456.5K | $477.5K | +4.6% |
| 4 Bedrooms | $547K | $549.9K | 0.5% |
| 5+ Bedrooms | $739.3K | $685K | -7.3% |
Summary: Fallston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Forest Hill | $399.9K | $450.5K | +12.7% |
| Baldwin | $630K | $664K | +5.4% |
| Kingsville | $550K | $547.5K | -0.5% |
| Fallston | $545K | $530K | -2.8% |
Housing Supply in Fallston, MD
How many homes are available in Fallston, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Fallston real estate market had 36 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Fallston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallston, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Fallston in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Fallston, MD
How long does it take to sell a home in Fallston, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 62 Days | +93.6% |
Summary: Homes in Fallston had an average of 62 days on market in May 2024, up by 93.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fallston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Fallston; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
