Is Towson, 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, Towson has remained a Seller's Market.
Key Takeaway
Towson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Towson, MD
How much do homes in Towson, MD cost?
Median Sold Price
$431,833
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Towson have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Towson was $431,833 in April 2024, up 10.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $146.1K | +16.9% |
| 2 Bedrooms | $218K | $237K | +8.7% |
| 3 Bedrooms | $324K | $340K | +4.9% |
| 4 Bedrooms | $619.9K | $627.5K | +1.2% |
| 5+ Bedrooms | $652K | $901.7K | +38.3% |
Summary: Towson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Cities
| Towson | $390K | $431.8K | +10.7% |
| Parkville | $273K | $299.9K | +9.9% |
| Lutherville Timonium | $431.4K | $460K | +6.6% |
Housing Supply in Towson, MD
How many homes are available in Towson, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 111 | +23.3% |
Summary: The Towson real estate market had 111 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Towson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towson, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Towson in April 2024, up by 57.1% month-over-month. Of the 33 sold homes, 33% were sold under asking, 27% were sold at asking, and 39% were sold over asking.
Days on Market for Towson, MD
How long does it take to sell a home in Towson, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +40.1% |
Summary: Homes in Towson had an average of 18 days on market in Apr 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Towson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in Towson; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
