Is Dundalk, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dundalk is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Dundalk was a Seller's Market.

Key Takeaway

Dundalk is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dundalk, MD

How much do homes in Dundalk, MD cost?

Median Sold Price

$221,500

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,916(+4.2%)

Key Takeaway

Homes in Dundalk have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Dundalk was $221,500 in March 2024, up 4.2% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $170K$189.9K
+11.7%
3 $213K$224.3K
+5.3%
4 $275K$275K
0.0%
5+ $324.5K$350K
+7.9%

Summary: Dundalk housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Dundalk
+4.2%
Baltimore
+2.5%
Essex
+2.0%
Sparrows Point
-2.7%

Housing Supply in Dundalk, MD

How many homes are available in Dundalk, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
224246+9.8%

Summary: The Dundalk real estate market had 246 homes for sale in March 2024, a 9.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3736
-2.7%
3 129145
+12.4%
4 4754
+14.9%
5+ 1111
0.0%

Summary: The Dundalk housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4232-23.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dundalk, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Dundalk in March 2024, down by 23.8% month-over-month. Of the 32 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.

Days on Market for Dundalk, MD

How long does it take to sell a home in Dundalk, MD?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days19 Days-42.9%

Summary: Homes in Dundalk had an average of 19 days on market in Mar 2024, down by 42.9% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dundalk are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 32 homes were sold in Dundalk; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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