The Long & Foster Market Minute

Focus On: Crofton, Crownsville, and Gambrills Housing Market June 2021

Zip Code(s): 21114, 21032 and 21054
Units Sold
117
Active Inventory
70
Median Sale Price
$459,900
Days On Market
14
Up
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 117 sold this month in Crofton, Crownsville, and Gambrills 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 36 units or 34%. The total number of active inventory this June was 70 compared to 106 in June 2020. This month's total of 70 is higher than the previous month's total supply of available inventory of 63, an increase of 11%.

Median Sale Price
Last June, the median sale price for Crofton, Crownsville, and Gambrills Homes was $437,500. This June, the median sale price was approximately the same at $459,900. The current median sold price is 5% higher than in June 2020.

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


New Listings
143
Current Contracts
128
Sold Vs. List Price
102.3%
Months of Supply
0.6
Up 36%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Crofton, Crownsville, and Gambrills, compared to 1.2 in June 2020. That is a decrease of 51% 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 143 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 105 in June 2020, an increase of 36%. There were 128 current contracts pending sale this June compared to 104 a year ago. The number of current contracts is 23% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Crofton, Crownsville, and Gambrills was 102.3% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 30, a decrease of 53%.

The Long & Foster Market Minute Crofton, Crownsville, and Gambrills are defined as properties listed in zip code/s 21114, 21032 and 21054.
*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.