Is Ellwood Park / Monument, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ellwood Park / Monument has remained a Buyer's Market.
Key Takeaway
Ellwood Park / Monument is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellwood Park / Monument, MD
How much do homes in Ellwood Park / Monument, MD cost?
Median Sold Price
$115,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ellwood Park / Monument has remained the same since last year.
Summary: The median home sold price in Ellwood Park / Monument was $115,000 in April 2024, down 0.4% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100.2K | $89.2K | -11.0% |
| 3 Bedrooms | $96.5K | $115K | +19.2% |
| 4 Bedrooms | $180K | $154.9K | -13.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellwood Park / Monument housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Baltimore Highlands | $125.5K | $135K | +7.6% |
| Madison / Eastend | $100.6K | $104.2K | +3.6% |
| Ellwood Park / Monument | $115.5K | $115K | -0.4% |
Housing Supply in Ellwood Park / Monument, MD
How many homes are available in Ellwood Park / Monument, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Ellwood Park / Monument real estate market had 30 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellwood Park / Monument housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ellwood Park / Monument, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Ellwood Park / Monument in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Ellwood Park / Monument, MD
How long does it take to sell a home in Ellwood Park / Monument, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 62 Days | -18.3% |
Summary: Homes in Ellwood Park / Monument had an average of 62 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ellwood Park / Monument has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Ellwood Park / Monument; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
