Is Dundalk, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dundalk has remained a Seller's Market.
Key Takeaway
Dundalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dundalk, MD
How much do homes in Dundalk, MD cost?
Median Sold Price
$224,200
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dundalk have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Dundalk was $224,200 in April 2024, up 5.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.5K | $190.5K | +13.1% |
| 3 Bedrooms | $213K | $225K | +5.6% |
| 4 Bedrooms | $278.5K | $275K | -1.3% |
| 5+ Bedrooms | $330.4K | $345K | +4.4% |
Summary: Dundalk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Dundalk | $211.7K | $224.2K | +5.9% |
| Sparrows Point | $367K | $386.5K | +5.3% |
| Essex | $259.9K | $269.5K | +3.7% |
| Baltimore | $215K | $220K | +2.3% |
Housing Supply in Dundalk, MD
How many homes are available in Dundalk, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 159 | +12.8% |
Summary: The Dundalk real estate market had 159 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 87 | 101 | +16.1% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Dundalk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dundalk, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Dundalk in April 2024, the same as the previous month. Of the 45 sold homes, 27% were sold under asking, 36% were sold at asking, and 38% were sold over asking.
Days on Market for Dundalk, MD
How long does it take to sell a home in Dundalk, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 18 Days | -19.0% |
Summary: Homes in Dundalk had an average of 18 days on market in Apr 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dundalk are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 45 homes were sold in Dundalk; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
