Is Glen Burnie, 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, Glen Burnie has remained a Seller's Market.
Key Takeaway
Glen Burnie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Burnie, MD
How much do homes in Glen Burnie, MD cost?
Median Sold Price
$360,000
$229/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Glen Burnie has remained the same since last year.
Summary: The median home sold price in Glen Burnie was $360,000 in March 2024, the same as last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $172.5K | -3.1% |
| 2 Bedrooms | $242K | $239.9K | -0.9% |
| 3 Bedrooms | $335K | $350K | +4.5% |
| 4 Bedrooms | $409K | $410K | 0.2% |
| 5+ Bedrooms | $430K | $437.4K | +1.7% |
Summary: Glen Burnie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Suburbia | $335K | $380.6K | +13.6% |
| Glen Burnie | $360K | $360K | 0.0% |
Housing Supply in Glen Burnie, MD
How many homes are available in Glen Burnie, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 243 | 244 | 0.4% |
Summary: The Glen Burnie real estate market had 244 homes for sale in March 2024, a 0.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 114 | 121 | +6.1% |
| 4 Bedrooms | 83 | 76 | -8.4% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Glen Burnie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 47 | -14.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Burnie, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Glen Burnie in March 2024, down by 14.5% month-over-month. Of the 47 sold homes, 26% were sold under asking, 28% were sold at asking, and 47% were sold over asking.
Days on Market for Glen Burnie, MD
How long does it take to sell a home in Glen Burnie, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +11.4% |
Summary: Homes in Glen Burnie had an average of 21 days on market in Mar 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Burnie are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 47 homes were sold in Glen Burnie; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
