Is Gwynn Oak, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gwynn Oak is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Gwynn Oak has remained a Seller's Market.

Key Takeaway

Gwynn Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gwynn Oak, MD cost?

Median Sold Price

$270,555

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$14,555(+5.7%)

Key Takeaway

Homes in Gwynn Oak have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $120K-
N/A
2 $214.2K$229K
+6.9%
3 $237.2K$244.5K
+3.1%
4 $280K$305K
+8.9%
5+ $330K$328.5K
-0.5%

Median Sold Price Compared To Nearby Cities

Windsor Mill
+11.8%
Pikesville
+7.8%
Catonsville
+6.2%
Gwynn Oak
+5.7%
Baltimore
+2.1%

How many homes are available in Gwynn Oak, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
139136-2.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 36
+100.0%
3 6168
+11.5%
4 5044
-12.0%
5+ 2518
-28.0%

Number of Homes Sold

Aug 2022Sep 2022%
4726-44.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gwynn Oak, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
24 Days25 Days+3.6%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gwynn Oak are selling fast, if you're buying plan to act quickly.

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

About Gwynn Oak, MD

Number of homes for sale in Gwynn Oak, MD real estate market have reached 136. The number of listings in Gwynn Oak, MD decreased by 2.2% between August 2022 and September 2022. The median list price of listings available in September 2022 was $270,555, while the average time on the real estate market was 25 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 6.9%, 3 bedrooms properties prices increased by 3.1%, prices of 4 bedrooms properties increased by 8.9%, 5 bedrooms properties prices decreased by 0.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes went up by 11.5%, number of 4 bedrooms homes decreased by 12%, the quantity of 5 bedrooms homes went down by 28%. In September 2022 more than 13 listings in Gwynn Oak, MD were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 5 were sold below.

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