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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randallstown is a seller's market

Buyer's
Market

Difference Since September 2023

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

$370,833

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,083(+6.9%)

Key Takeaway

Homes in Randallstown have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Randallstown was $370,833 in September 2024, up 6.9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $225K$250K
+11.1%
3 $305K$310K
+1.6%
4 $377.5K$400K
+6.0%
5+ $400K$420K
+5.0%

Summary: Randallstown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Woodstock
+9.3%
Windsor Mill
+8.7%
Owings Mills
+7.2%
Pikesville
+7.1%
Randallstown
+6.9%

Housing Supply in Randallstown, MD

How many homes are available in Randallstown, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7983+5.1%

Summary: The Randallstown real estate market had 83 homes for sale in September 2024, a 5.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 3032
+6.7%
4 3835
-7.9%
5+ 79
+28.6%

Summary: The Randallstown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1628+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randallstown, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Randallstown in September 2024, up by 75.0% month-over-month. Of the 28 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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

Sep 2023Sep 2024CHANGE
39 Days17 Days-55.4%

Summary: Homes in Randallstown had an average of 17 days on market in Sep 2024, down by 55.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 September 2024, 28 homes were sold in Randallstown; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in Randallstown, MD

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