Is Glen Arm, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Arm is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Glen Arm was a Neutral Market.

Key Takeaway

Glen Arm is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Glen Arm, MD cost?

Median Sold Price

$582,500

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$17,500(-2.9%)

Key Takeaway

Homes in Glen Arm have sold for 2.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $275K$238.7K
-13.2%
3 $500K$580.5K
+16.1%
4 $637.5K$577.5K
-9.4%
5+ $672.5K$685K
+1.9%

Median Sold Price Compared To Nearby Cities

Baldwin
+18.8%
Perry Hall
+7.4%
Parkville
+5.8%
Glen Arm
-2.9%

How many homes are available in Glen Arm, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
1413-7.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 98
-11.1%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Arm, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days41 Days+164.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glen Arm has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Glen Arm, MD

Glen Arm, MD has 13 homes for sale to choose from. The number of listings in Glen Arm, MD decreased by 7.1% between August 2022 and September 2022. In September 2022, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $582,500. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 13.2% more cheaper, prices of 3 bedrooms properties went up by 16.1%, the cost of 4 bedrooms properties went down by 9.4%, prices of 5 bedrooms properties went up by 1.9%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes increased by 50%, 4 bedrooms homes inventory decreased by 11.1%, 5 bedrooms homes became 33.3% less available. In September 2022, from all listings sold in Glen Arm, MD there were more than 0 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price.

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