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

Housing Market Conditions



Gauge showing Towson is a seller's market


Difference Since November 2022

Since last year, Towson has remained a Seller's Market.

Key Takeaway

Towson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Towson, MD

How much do homes in Towson, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Towson have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Towson was $426,333 in November 2023, up 15.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $125K$145.5K
2 $215K$230K
3 $315K$328.5K
4 $607K$600K
5+ $712.5K$884K

Summary: Towson housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 24.1%.

Median Sold Price Compared To Nearby Cities

Lutherville Timonium
Glen Arm

Housing Supply in Towson, MD

How many homes are available in Towson, MD?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Towson real estate market had 146 homes for sale in November 2023, a 4.3% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 54
2 1613
3 5861
4 4247
5+ 1921

Summary: The Towson housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towson, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Towson in November 2023, up by 26.1% month-over-month. Of the 29 sold homes, 34% were sold under asking, 17% were sold at asking, and 48% were sold over asking.

Days on Market for Towson, MD

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

Average Sale Time

Nov 2022Nov 2023CHANGE
20 Days19 Days-6.0%

Summary: Homes in Towson had an average of 19 days on market in Nov 2023, down by 6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 29 homes were sold in Towson; 79% of homes were sold within 30 days, 14% 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 10 Days Ago

Newest Listings in Towson, MD

Nearby Markets to Towson, MD

What housing markets are near Towson, MD?