The Long & Foster Market Minute

Focus On: Bolton Hill, Union Square, and Hanlon Park Housing Market June 2021

Zip Code(s): 21223, 21217 and 21216
Units Sold
124
Active Inventory
301
Median Sale Price
$135,000
Days On Market
45
Down -2%
Vs. Year Ago
Down -24%
Vs. Year Ago
Up
Vs. Year Ago
Down -31%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 124 sold this month in Bolton Hill, Union Square, and Hanlon Park Real Estate versus 143 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 97 units or 24%. The total number of active inventory this June was 301 compared to 398 in June 2020. This month's total of 301 is lower than the previous month's total supply of available inventory of 327, a decrease of 8%.

Median Sale Price
Last June, the median sale price for Bolton Hill, Union Square, and Hanlon Park Homes was $52,000. This June, the median sale price was $135,000, an increase of $83,000 compared to last year. The current median sold price is higher than in May.

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


New Listings
215
Current Contracts
161
Sold Vs. List Price
103.2%
Months of Supply
2.4
Up 24%
Vs. Year Ago
Up 39%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In June, there was 2.4 months of supply available in Bolton Hill, Union Square, and Hanlon Park, compared to 3.2 in June 2020. That is a decrease of 23% 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 215 homes newly listed for sale in Bolton Hill, Union Square, and Hanlon Park compared to 174 in June 2020, an increase of 24%. There were 161 current contracts pending sale this June compared to 116 a year ago. The number of current contracts is 39% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Bolton Hill, Union Square, and Hanlon Park was 103.2% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 45, lower than the average last year, which was 65, a decrease of 31%.

The Long & Foster Market Minute Bolton Hill, Union Square, and Hanlon Park are defined as properties listed in zip code/s 21223, 21217 and 21216.
*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.