Is Ellicott City, 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, Ellicott City has remained a Seller's Market.
Housing Prices in Ellicott City, MD
How much do homes in Ellicott City, MD cost?
Median Sold Price
$660,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ellicott City was $660,000 in June 2024, up 2.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $375K | +82.9% |
2 Bedrooms | $362.9K | $375K | +3.3% |
3 Bedrooms | $530K | $560K | +5.7% |
4 Bedrooms | $725K | $733.3K | +1.1% |
5+ Bedrooms | $867.5K | $900K | +3.7% |
Summary: Ellicott City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Ellicott City, MD
How many homes are available in Ellicott City, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
187 | 174 | -7.0% |
Summary: The Ellicott City real estate market had 174 homes for sale in June 2024, a 7.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 49 | 51 | +4.1% |
4 Bedrooms | 73 | 64 | -12.3% |
5+ Bedrooms | 48 | 44 | -8.3% |
Summary: The Ellicott City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
74 | 68 | -8.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Ellicott City in June 2024, down by 8.1% month-over-month. Of the 68 sold homes, 12% were sold under asking, 16% were sold at asking, and 72% were sold over asking.
Days on Market for Ellicott City, MD
How long does it take to sell a home in Ellicott City, MD?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
8 Days | 15 Days | +76.6% |
Summary: Homes in Ellicott City had an average of 15 days on market in Jun 2024, up by 76.6% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 68 homes were sold in Ellicott City; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.