Is Randallstown, 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, Randallstown has remained a Seller's Market.
Key Takeaway
Randallstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randallstown, MD
How much do homes in Randallstown, MD cost?
Median Sold Price
$350,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Randallstown have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Randallstown was $350,000 in November 2023, up 2.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $225K | +8.4% |
| 3 Bedrooms | $295K | $305K | +3.4% |
| 4 Bedrooms | $350.2K | $380K | +8.5% |
| 5+ Bedrooms | $419.7K | $405K | -3.5% |
Summary: Randallstown housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Woodstock | $585K | $645K | +10.3% |
| Owings Mills | $330K | $350.3K | +6.2% |
| Pikesville | $340K | $355K | +4.4% |
| Windsor Mill | $295K | $304.5K | +3.2% |
| Randallstown | $340K | $350K | +2.9% |
Housing Supply in Randallstown, MD
How many homes are available in Randallstown, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 95 | 93 | -2.1% |
Summary: The Randallstown real estate market had 93 homes for sale in November 2023, a 2.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 41 | 37 | -9.8% |
| 4 Bedrooms | 39 | 36 | -7.7% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Randallstown housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randallstown, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Randallstown in November 2023, up by 11.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 45% were sold at asking, and 25% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +16.4% |
Summary: Homes in Randallstown had an average of 23 days on market in Nov 2023, up by 16.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Randallstown are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 20 homes were sold in Randallstown; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
