Is Howard County, 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, Howard County has remained a Seller's Market.
Key Takeaway
Howard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howard County, MD
How much do homes in Howard County, MD cost?
Median Sold Price
$550,317
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Howard County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Howard County was $550,317 in April 2024, up 5.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $182.7K | +10.1% |
| 2 Bedrooms | $305.3K | $319K | +4.5% |
| 3 Bedrooms | $432K | $467.5K | +8.2% |
| 4 Bedrooms | $642.6K | $690.3K | +7.4% |
| 5+ Bedrooms | $865K | $900.1K | +4.1% |
Summary: Howard County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Counties
| Anne Arundel County | $449.7K | $481.2K | +7.0% |
| Baltimore County | $316.7K | $335.5K | +6.0% |
| Carroll County | $417K | $439.9K | +5.5% |
| Howard County | $523.8K | $550.3K | +5.1% |
| Montgomery County | $562.2K | $588.6K | +4.7% |
Housing Supply in Howard County, MD
How many homes are available in Howard County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 620 | 749 | +20.8% |
Summary: The Howard County real estate market had 749 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 98 | 100 | +2.0% |
| 3 Bedrooms | 201 | 232 | +15.4% |
| 4 Bedrooms | 203 | 246 | +21.2% |
| 5+ Bedrooms | 114 | 168 | +47.4% |
Summary: The Howard County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 245 | 232 | -5.3% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
138 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howard County, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 232 homes were sold or pending in Howard County in April 2024, down by 5.3% month-over-month. Of the 232 sold homes, 18% were sold under asking, 23% were sold at asking, and 59% were sold over asking.
Days on Market for Howard County, MD
How long does it take to sell a home in Howard County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +14.5% |
Summary: Homes in Howard County had an average of 16 days on market in Apr 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
201 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howard County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 232 homes were sold in Howard County; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
