Is Owings Mills, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Owings Mills is a seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Owings Mills have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $190.5K$263.9K
2 $215K$230K
3 $310K$335K
4 $487.4K$476.4K
5+ $655K$792.5K

Median Sold Price Compared To Nearby Cities

Owings Mills

How many homes are available in Owings Mills, MD?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 12
2 3430
3 7262
4 5855
5+ 4949

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022May 2023%
9 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Owings Mills are selling fast, if you're buying plan to act quickly.

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

What housing markets are near Owings Mills, MD?

About Owings Mills, MD

Owings Mills, MD has 198 homes for sale to choose from. In May 2023 in Owings Mills, MD there were 7.5% less homes for sale than in April 2023. Listings spent 33 days on the market in May 2023, and had a median list price of $341,500 during the same period. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 38.6%, the cost of 2 bedrooms properties went up by 7%, the cost of 3 bedrooms properties went up by 8.1%, 4 bedrooms properties became 2.3% more cheaper, prices of 5 bedrooms properties went up by 21%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 100%, volume of 2 bedrooms homes went down by 11.8%, the quantity of 3 bedrooms homes went down by 13.9%, volume of 4 bedrooms homes went down by 5.2%, the quantity of 5 bedrooms homes have not changed. In May 2023 more than 33 listings in Owings Mills, MD were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 19 were sold below.