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 2023

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.

Housing Prices in Gwynn Oak, MD

How much do homes in Gwynn Oak, MD cost?

Median Sold Price

$295,900

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,300(+7.4%)

Key Takeaway

Homes in Gwynn Oak have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Gwynn Oak was $295,900 in September 2024, up 7.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$200K
N/A
2 $196.2K$195K
-0.6%
3 $250K$270K
+8.0%
4 $309.5K$330K
+6.6%
5+ $359.5K$400K
+11.3%

Summary: Gwynn Oak housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

Catonsville
+14.1%
Windsor Mill
+8.7%
Gwynn Oak
+7.4%
Pikesville
+7.1%
Baltimore
+3.6%

Housing Supply in Gwynn Oak, MD

How many homes are available in Gwynn Oak, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
110129+17.3%

Summary: The Gwynn Oak real estate market had 129 homes for sale in September 2024, a 17.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 5051
+2.0%
4 3548
+37.1%
5+ 1824
+33.3%

Summary: The Gwynn Oak housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 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.

Summary: A total of 24 homes were sold or pending in Gwynn Oak in September 2024, down by 14.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
20 Days26 Days+29.9%

Summary: Homes in Gwynn Oak had an average of 26 days on market in Sep 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 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.

Summary: During September 2024, 24 homes were sold in Gwynn Oak; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

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