Is Ellicott City, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$631,250
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $375K | +82.9% |
2 Bedrooms | $367.5K | $370K | +0.7% |
3 Bedrooms | $525K | $565K | +7.6% |
4 Bedrooms | $715.4K | $735K | +2.7% |
5+ Bedrooms | $870K | $880K | +1.1% |
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%.
Housing Supply in Ellicott City, MD
How many homes are available in Ellicott City, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
207 | 215 | +3.9% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 32 | +6.7% |
3 Bedrooms | 52 | 48 | -7.7% |
4 Bedrooms | 67 | 81 | +20.9% |
5+ Bedrooms | 58 | 54 | -6.9% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 15 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
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.