Is Gwynn Oak, 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, Gwynn Oak has remained a Seller's Market.
Housing Prices in Gwynn Oak, MD
How much do homes in Gwynn Oak, MD cost?
Median Sold Price
$290,300
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Gwynn Oak was $290,300 in June 2024, up 5.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $209.5K | $195K | -6.9% |
3 Bedrooms | $257.7K | $265K | +2.8% |
4 Bedrooms | $302.4K | $330K | +9.1% |
5+ Bedrooms | $350K | $375.6K | +7.3% |
Summary: Gwynn Oak 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 6.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Windsor Mill | $285K | $325K | +14.0% |
Pikesville | $350K | $378K | +8.0% |
Catonsville | $380.1K | $406.5K | +6.9% |
Gwynn Oak | $275.6K | $290.3K | +5.3% |
Baltimore | $215K | $220.1K | +2.4% |
Housing Supply in Gwynn Oak, MD
How many homes are available in Gwynn Oak, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
103 | 100 | -2.9% |
Summary: The Gwynn Oak real estate market had 100 homes for sale in June 2024, a 2.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 43 | 42 | -2.3% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Gwynn Oak 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 decreased by 20%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
36 | 19 | -47.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Gwynn Oak in June 2024, down by 47.2% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 27 Days | +15.2% |
Summary: Homes in Gwynn Oak had an average of 27 days on market in Jun 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Gwynn Oak; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.