Is Lutherville Timonium, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Lutherville Timonium has remained a Seller's Market.
Housing Prices in Lutherville Timonium, MD
How much do homes in Lutherville Timonium, MD cost?
Median Sold Price
$455,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Lutherville Timonium was $455,000 in November 2023, up 10.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $166.2K | $207.5K | +24.8% |
2 Bedrooms | $320K | $347.5K | +8.6% |
3 Bedrooms | $411.5K | $439.5K | +6.8% |
4 Bedrooms | $470K | $515K | +9.6% |
5+ Bedrooms | $611K | $705K | +15.4% |
Summary: Lutherville Timonium housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Cockeysville | $390K | $450K | +15.4% |
Towson | $370K | $426.3K | +15.2% |
Lutherville Timonium | $411.3K | $455K | +10.6% |
Housing Supply in Lutherville Timonium, MD
How many homes are available in Lutherville Timonium, MD?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
185 | 172 | -7.0% |
Summary: The Lutherville Timonium real estate market had 172 homes for sale in November 2023, a 7.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 58 | 50 | -13.8% |
4 Bedrooms | 58 | 57 | -1.7% |
5+ Bedrooms | 35 | 30 | -14.3% |
Summary: The Lutherville Timonium housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Lutherville Timonium in November 2023, down by 5.6% month-over-month. Of the 34 sold homes, 32% were sold under asking, 29% were sold at asking, and 38% were sold over asking.
Days on Market for Lutherville Timonium, MD
How long does it take to sell a home in Lutherville Timonium, MD?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
32 Days | 15 Days | -51.4% |
Summary: Homes in Lutherville Timonium had an average of 15 days on market in Nov 2023, down by 51.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During November 2023, 34 homes were sold in Lutherville Timonium; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.