Is Dundalk, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Dundalk has remained a Seller's Market.
Key Takeaway
Dundalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dundalk, MD
How much do homes in Dundalk, MD cost?
Median Sold Price
$225,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Dundalk have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Dundalk was $225,000 in June 2024, up 4.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $190.5K | +12.1% |
| 3 Bedrooms | $215K | $225K | +4.7% |
| 4 Bedrooms | $275K | $280K | +1.8% |
| 5+ Bedrooms | $327.5K | $340K | +3.8% |
Summary: Dundalk housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Essex | $259.9K | $280K | +7.7% |
| Sparrows Point | $350K | $369.9K | +5.7% |
| Dundalk | $214.8K | $225K | +4.7% |
| Baltimore | $215K | $220.1K | +2.4% |
Housing Supply in Dundalk, MD
How many homes are available in Dundalk, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 175 | 178 | +1.7% |
Summary: The Dundalk real estate market had 178 homes for sale in June 2024, a 1.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 105 | 107 | +1.9% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Dundalk housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dundalk, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Dundalk in June 2024, up by 8.6% month-over-month. Of the 63 sold homes, 22% were sold under asking, 27% were sold at asking, and 51% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +20.1% |
Summary: Homes in Dundalk had an average of 17 days on market in Jun 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dundalk are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 63 homes were sold in Dundalk; 83% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
