Is Randallstown, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randallstown is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Randallstown was a Seller's Market.

Key Takeaway

Randallstown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Randallstown, MD

How much do homes in Randallstown, MD cost?

Median Sold Price

$349,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,000(+1.2%)

Key Takeaway

Homes in Randallstown have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Randallstown was $349,000 in February 2024, up 1.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $210K$219K
+4.3%
3 $305K$295K
-3.3%
4 $350.5K$380K
+8.4%
5+ $419.5K$425K
+1.3%

Summary: Randallstown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+10.2%
Pikesville
+9.4%
Owings Mills
+7.4%
Woodstock
+5.0%
Randallstown
+1.2%

Housing Supply in Randallstown, MD

How many homes are available in Randallstown, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9296+4.3%

Summary: The Randallstown real estate market had 96 homes for sale in February 2024, a 4.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2928
-3.4%
4 4352
+20.9%
5+ 1613
-18.8%

Summary: The Randallstown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
15150.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randallstown, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Randallstown in February 2024, the same as the previous month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.

Days on Market for Randallstown, MD

How long does it take to sell a home in Randallstown, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days42 Days+30.9%

Summary: Homes in Randallstown had an average of 42 days on market in Feb 2024, up by 30.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 15 homes were sold in Randallstown; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% 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 28 Days Ago

Newest Listings in Randallstown, MD

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