Is Glen Arm, 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, Glen Arm has remained a Seller's Market.
Housing Prices in Glen Arm, MD
How much do homes in Glen Arm, MD cost?
Median Sold Price
$612,250
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glen Arm was $612,250 in May 2024, up 6.5% 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 | - | - | N/A |
2 Bedrooms | $325K | $314K | -3.4% |
3 Bedrooms | $500K | $450K | -10.0% |
4 Bedrooms | $615K | $624.5K | +1.5% |
5+ Bedrooms | $710.5K | $757.5K | +6.6% |
Summary: Glen Arm 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 decreased by 3.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Parkville | $272K | $300K | +10.3% |
Glen Arm | $575K | $612.2K | +6.5% |
Baldwin | $630K | $664K | +5.4% |
Perry Hall | $379.9K | $386.5K | +1.7% |
Housing Supply in Glen Arm, MD
How many homes are available in Glen Arm, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Summary: The Glen Arm real estate market had 16 homes for sale in May 2024, a 128.6% 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 | 2 | 5 | +150.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Glen Arm 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 increased by 150%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Glen Arm in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Glen Arm, MD
How long does it take to sell a home in Glen Arm, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 7 Days | +9.5% |
Summary: Homes in Glen Arm had an average of 7 days on market in May 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Glen Arm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.