Is Randallstown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Randallstown was a Seller's Market.
Key Takeaway
Randallstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Randallstown, MD
How much do homes in Randallstown, MD cost?
Median Sold Price
$352,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Randallstown have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Randallstown was $352,500 in May 2024, up 2.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $225K | 0.0% |
| 3 Bedrooms | $303.5K | $305K | 0.5% |
| 4 Bedrooms | $360K | $385.3K | +7.0% |
| 5+ Bedrooms | $418.2K | $420K | 0.4% |
Summary: Randallstown 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 did not change, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Windsor Mill | $284K | $319K | +12.3% |
| Pikesville | $349.5K | $374.9K | +7.3% |
| Owings Mills | $340.8K | $360K | +5.6% |
| Randallstown | $345K | $352.5K | +2.2% |
| Woodstock | $630K | $633K | 0.5% |
Housing Supply in Randallstown, MD
How many homes are available in Randallstown, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 76 | +26.7% |
Summary: The Randallstown real estate market had 76 homes for sale in May 2024, a 26.7% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 31 | +55.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Randallstown 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 increased by 50%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randallstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Randallstown in May 2024, down by 44.4% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Randallstown, MD
How long does it take to sell a home in Randallstown, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 17 Days | -57.7% |
Summary: Homes in Randallstown had an average of 17 days on market in May 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Randallstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Randallstown; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
