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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towson is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Towson, MD cost?

Median Sold Price

$395,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$4,416(-1.1%)

Key Takeaway

Homes in Towson have sold for 1.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $129K$144.5K
+12.0%
2 $193K$208K
+7.8%
3 $295.6K$319K
+7.9%
4 $516.5K$538.8K
+4.3%
5+ $715K$743K
+3.9%

Median Sold Price Compared To Nearby Cities

Parkville
+6.4%
Lutherville Timonium
+1.2%
Glen Arm
-0.4%
Towson
-1.1%

How many homes are available in Towson, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
113103-8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 54
-20.0%
2 149
-35.7%
3 4041
+2.5%
4 3431
-8.8%
5+ 2018
-10.0%

Number of Homes Sold

Oct 2022Nov 2022%
3324-27.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towson, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days17 Days+6.5%

Breakdown of Home Sale Times

19 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 Towson are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Towson, MD

Towson, MD has 103 homes on the market. Between October 2022 and November 2022, Towson, MD real estate market has seen decrease in the number of listings by 8.8%. The median list price of listings available in November 2022 was $395,000, while the average time on the real estate market was 17 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 12%, prices of 2 bedrooms properties increased by 7.8%, 3 bedrooms properties prices increased by 7.9%, 4 bedrooms properties prices increased by 4.3%, 5 bedrooms properties prices increased by 3.9%. This housing market inventory have changed: volume of 1 bedroom homes went down by 20%, 2 bedrooms homes inventory decreased by 35.7%, 3 bedrooms homes inventory increased by 2.5%, number of 4 bedrooms homes decreased by 8.8%, volume of 5 bedrooms homes went down by 10%. While more than 4 listings in Towson, MD in November 2022 were sold above asking price, there were more than 11 listings sold at asking price, and more than 9 were sold below.

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