Is Sparrows Point, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparrows Point is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Sparrows Point 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 Sparrows Point, MD

How much do homes in Sparrows Point, MD cost?

Median Sold Price

$369,900

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,900(+5.7%)

Key Takeaway

Homes in Sparrows Point have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Sparrows Point was $369,900 in September 2024, up 5.7% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $270.7K$230K
-15.1%
2 $213.3K$220K
+3.1%
3 $328K$350K
+6.7%
4 $414.9K$447K
+7.7%
5+ $382.4K$374.9K
-2.0%

Summary: Sparrows Point housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Essex
+10.9%
Sparrows Point
+5.7%
Dundalk
+3.4%

Housing Supply in Sparrows Point, MD

How many homes are available in Sparrows Point, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
40400.0%

Summary: The Sparrows Point real estate market had 40 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2420
-16.7%
4 1216
+33.3%
5+ 22
0.0%

Summary: The Sparrows Point 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
146-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparrows Point, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Sparrows Point in September 2024, down by 57.1% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Sparrows Point, MD

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

Average Sale Time

Sep 2023Sep 2024CHANGE
35 Days63 Days+80.1%

Summary: Homes in Sparrows Point had an average of 63 days on market in Sep 2024, up by 80.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Sparrows Point; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 30 Days Ago

Newest Listings in Sparrows Point, MD

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