Is Sparks Glencoe, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sparks Glencoe was a Buyer's Market.
Key Takeaway
Sparks Glencoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparks Glencoe, MD
How much do homes in Sparks Glencoe, MD cost?
Median Sold Price
$399,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sparks Glencoe have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Sparks Glencoe was $399,500 in March 2024, down 5.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $250K | +8.7% |
| 3 Bedrooms | $426K | $428.2K | 0.5% |
| 4 Bedrooms | $425K | $655K | +54.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +18.6% |
Summary: Sparks Glencoe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 54.1%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Cockeysville | $388K | $449.9K | +16.0% |
| Phoenix | $686.5K | $731.2K | +6.5% |
| Sparks Glencoe | $420.9K | $399.5K | -5.1% |
Housing Supply in Sparks Glencoe, MD
How many homes are available in Sparks Glencoe, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The Sparks Glencoe real estate market had 31 homes for sale in March 2024, a 34.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sparks Glencoe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparks Glencoe, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Sparks Glencoe in March 2024, up by 450.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Sparks Glencoe, MD
How long does it take to sell a home in Sparks Glencoe, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 22 Days | -44.8% |
Summary: Homes in Sparks Glencoe had an average of 22 days on market in Mar 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparks Glencoe are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Sparks Glencoe; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
