Is Glen Arm, 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, Glen Arm has remained a Seller's Market.
Key Takeaway
Glen Arm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Arm, MD
How much do homes in Glen Arm, MD cost?
Median Sold Price
$628,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Glen Arm have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Glen Arm was $628,000 in June 2024, up 12.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $314K | -3.4% |
| 3 Bedrooms | $475K | $557K | +17.3% |
| 4 Bedrooms | $590K | $641.2K | +8.7% |
| 5+ Bedrooms | $676K | $771K | +14.1% |
Summary: Glen Arm housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Glen Arm | $560K | $628K | +12.1% |
| Parkville | $275K | $300K | +9.1% |
| Perry Hall | $391K | $382K | -2.3% |
Housing Supply in Glen Arm, MD
How many homes are available in Glen Arm, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Glen Arm real estate market had 14 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Glen Arm 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Arm, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Glen Arm in June 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Glen Arm, MD
How long does it take to sell a home in Glen Arm, MD?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 6 Days | 9 Days | +41.5% |
Summary: Homes in Glen Arm had an average of 9 days on market in Jun 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Arm are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 5 homes were sold in Glen Arm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
