The Long & Foster Market Minute

Focus On: Dundalk and Sparrows Point Housing Market March 2021

Zip Code(s): 21222, 21219 and 21052
Units Sold
85
Active Inventory
46
Median Sale Price
$190,000
Days On Market
26
Up
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 85 sold this month in Dundalk and Sparrows Point Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 108 units or 70%. The total number of active inventory this March was 46 compared to 154 in March 2020. This month's total of 46 is lower than the previous month's total supply of available inventory of 56, a decrease of 18%.

Median Sale Price
Last March, the median sale price for Dundalk and Sparrows Point Homes was $167,000. This March, the median sale price was $190,000, an increase of 14% or $23,000 compared to last year. The current median sold price is 7% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
109
Current Contracts
106
Sold Vs. List Price
99.7%
Months of Supply
0.5
Up 10%
Vs. Year Ago
Up 26%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -79%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Dundalk and Sparrows Point, compared to 2.5 in March 2020. That is a decrease of 79% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 109 homes newly listed for sale in Dundalk and Sparrows Point compared to 99 in March 2020, an increase of 10%. There were 106 current contracts pending sale this March compared to 84 a year ago. The number of current contracts is 26% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Dundalk and Sparrows Point was 99.7% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 50, a decrease of 48%.

The Long & Foster Market Minute Dundalk and Sparrows Point are defined as properties listed in zip code/s 21222, 21219 and 21052.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.