Is Ellicott City, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Ellicott City is a seller's market


Difference Since March 2023

Since last year, Ellicott City has remained a Seller's Market.

Key Takeaway

Ellicott City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ellicott City, MD

How much do homes in Ellicott City, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Ellicott City have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Ellicott City was $631,250 in March 2024, down 3.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $205K$375K
2 $367.5K$370K
3 $525K$565K
4 $715.4K$735K
5+ $870K$880K

Summary: Ellicott City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Neighborhoods

Ellicott City

Housing Supply in Ellicott City, MD

How many homes are available in Ellicott City, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Ellicott City real estate market had 215 homes for sale in March 2024, a 3.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
2 3032
3 5248
4 6781
5+ 5854

Summary: The Ellicott City 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 increased by 6.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 6.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellicott City, you could pay more than the asking price. 70.5% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Ellicott City in March 2024, up by 25.7% month-over-month. Of the 44 sold homes, 14% were sold under asking, 16% were sold at asking, and 70% 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

Mar 2023Mar 2024CHANGE
21 Days15 Days-29.1%

Summary: Homes in Ellicott City had an average of 15 days on market in Mar 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 44 homes were sold in Ellicott City; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 7% 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 24 Days Ago

Newest Listings in Ellicott City, MD

Nearby Markets to Ellicott City, MD