Is Owings Mills, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Owings Mills has remained a Seller's Market.
Key Takeaway
Owings Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Owings Mills, MD cost?
Median Sold Price
$341,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$17,952(+5.5%)
Key Takeaway
Homes in Owings Mills have sold for 5.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $190.5K | $263.9K | +38.6% |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $487.4K | $476.4K | -2.3% |
| 5+ Bedrooms | $655K | $792.5K | +21.0% |
Median Sold Price Compared To Nearby Cities
| Reisterstown | $326.8K | $357.6K | +9.4% |
| Randallstown | $328K | $348.5K | +6.3% |
| Owings Mills | $323.5K | $341.5K | +5.5% |
| Pikesville | $345K | $343.8K | -0.3% |
How many homes are available in Owings Mills, MD?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 214 | 198 | -7.5% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 34 | 30 | -11.8% |
| 3 Bedrooms | 72 | 62 | -13.9% |
| 4 Bedrooms | 58 | 55 | -5.2% |
| 5+ Bedrooms | 49 | 49 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 53 | 70 | +32.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Owings Mills, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
How long does it take to sell a home in Owings Mills, MD?
How long does it take to sell a home in Owings Mills, MD?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 9 Days | 33 Days | +272.1% |
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Owings Mills are selling fast, if you're buying plan to act quickly.
