Is Glen Burnie, 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, Glen Burnie has remained a Seller's Market.
Housing Prices in Glen Burnie, MD
How much do homes in Glen Burnie, MD cost?
Median Sold Price
$360,000
$229/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Glen Burnie was $360,000 in April 2024, the same as last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174K | $172.5K | -0.9% |
2 Bedrooms | $242K | $237K | -2.1% |
3 Bedrooms | $334.5K | $350K | +4.6% |
4 Bedrooms | $405K | $410K | +1.2% |
5+ Bedrooms | $435K | $439.9K | +1.1% |
Summary: Glen Burnie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Glen Burnie, MD
How many homes are available in Glen Burnie, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
160 | 171 | +6.9% |
Summary: The Glen Burnie real estate market had 171 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 83 | 88 | +6.0% |
4 Bedrooms | 44 | 52 | +18.2% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Glen Burnie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 46 | -16.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Glen Burnie in April 2024, down by 16.4% month-over-month. Of the 46 sold homes, 17% were sold under asking, 24% were sold at asking, and 59% were sold over asking.
Days on Market for Glen Burnie, MD
How long does it take to sell a home in Glen Burnie, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -17.8% |
Summary: Homes in Glen Burnie had an average of 23 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Glen Burnie; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.