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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Gwynn Oak, MD

How much do homes in Gwynn Oak, MD cost?

Median Sold Price

$286,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$8,500(+3.1%)

Key Takeaway

Homes in Gwynn Oak have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Gwynn Oak was $286,000 in February 2024, up 3.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $198K$209.5K
+5.8%
3 $247K$264.9K
+7.2%
4 $305K$315K
+3.3%
5+ $350K$370K
+5.7%

Summary: Gwynn Oak housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+10.2%
Pikesville
+9.4%
Gwynn Oak
+3.1%
Catonsville
+2.6%
Baltimore
+1.2%

Housing Supply in Gwynn Oak, MD

How many homes are available in Gwynn Oak, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
187188+0.5%

Summary: The Gwynn Oak real estate market had 188 homes for sale in February 2024, a 0.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 7875
-3.8%
4 5250
-3.8%
5+ 4651
+10.9%

Summary: The Gwynn Oak housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 10.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gwynn Oak, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Gwynn Oak in February 2024, down by 17.9% month-over-month. Of the 23 sold homes, 17% were sold under asking, 43% were sold at asking, and 39% were sold over asking.

Days on Market for Gwynn Oak, MD

How long does it take to sell a home in Gwynn Oak, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
24 Days25 Days+5.3%

Summary: Homes in Gwynn Oak had an average of 25 days on market in Feb 2024, up by 5.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During February 2024, 23 homes were sold in Gwynn Oak; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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