Is Lutherville Timonium, 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, Lutherville Timonium has remained a Seller's Market.
Housing Prices in Lutherville Timonium, MD
How much do homes in Lutherville Timonium, MD cost?
Median Sold Price
$460,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lutherville Timonium was $460,000 in April 2024, up 6.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.7K | $187.5K | -3.2% |
2 Bedrooms | $328.9K | $350K | +6.4% |
3 Bedrooms | $430K | $440K | +2.3% |
4 Bedrooms | $494.5K | $520K | +5.2% |
5+ Bedrooms | $685K | $725K | +5.8% |
Summary: Lutherville Timonium housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
Towson | $390K | $431.8K | +10.7% |
Cockeysville | $407.2K | $449.9K | +10.5% |
Lutherville Timonium | $431.4K | $460K | +6.6% |
Housing Supply in Lutherville Timonium, MD
How many homes are available in Lutherville Timonium, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 140 | +37.3% |
Summary: The Lutherville Timonium real estate market had 140 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 34 | +36.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 24 | 48 | +100.0% |
5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Lutherville Timonium housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 49 | +63.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Lutherville Timonium in April 2024, up by 63.3% month-over-month. Of the 49 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Lutherville Timonium, MD
How long does it take to sell a home in Lutherville Timonium, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 12 Days | -25.1% |
Summary: Homes in Lutherville Timonium had an average of 12 days on market in Apr 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Lutherville Timonium; 92% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.