Is Ellicott City, 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, Ellicott City has remained a Seller's Market.
Key Takeaway
Ellicott City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellicott City, MD
How much do homes in Ellicott City, MD cost?
Median Sold Price
$649,156
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ellicott City has remained the same since last year.
Summary: The median home sold price in Ellicott City was $649,156 in April 2024, down 0.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $375K | +82.9% |
| 2 Bedrooms | $363.9K | $375K | +3.1% |
| 3 Bedrooms | $528.5K | $560K | +6.0% |
| 4 Bedrooms | $715K | $737K | +3.1% |
| 5+ Bedrooms | $856.9K | $887K | +3.5% |
Summary: Ellicott City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Ellicott City, MD
How many homes are available in Ellicott City, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 125 | 149 | +19.2% |
Summary: The Ellicott City real estate market had 149 homes for sale in April 2024, a 19.2% 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 | 20 | 20 | 0.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 52 | 56 | +7.7% |
| 5+ Bedrooms | 23 | 37 | +60.9% |
Summary: The Ellicott City 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 60.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellicott City, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Ellicott City in April 2024, down by 19.2% month-over-month. Of the 42 sold homes, 19% were sold under asking, 21% were sold at asking, and 60% were sold over asking.
Days on Market for Ellicott City, MD
How long does it take to sell a home in Ellicott City, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 16 Days | -10.6% |
Summary: Homes in Ellicott City had an average of 16 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellicott City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Ellicott City; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
