The Long & Foster Market Minute

Focus On: Gwynn Oak, Windsor Mill, and Randallstown Housing Market June 2021

Zip Code(s): 21207, 21244 and 21133
Units Sold
122
Active Inventory
84
Median Sale Price
$281,500
Days On Market
11
Up 34%
Vs. Year Ago
Down -44%
Vs. Year Ago
Up 25%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 122 sold this month in Gwynn Oak, Windsor Mill, and Randallstown 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 65 units or 44%. The total number of active inventory this June was 84 compared to 149 in June 2020. This month's total of 84 is lower than the previous month's total supply of available inventory of 95, a decrease of 12%.

Median Sale Price
Last June, the median sale price for Gwynn Oak, Windsor Mill, and Randallstown Homes was $225,000. This June, the median sale price was $281,500, an increase of $56,500 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
138
Current Contracts
123
Sold Vs. List Price
101.6%
Months of Supply
0.7
Up 42%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -58%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Gwynn Oak, Windsor Mill, and Randallstown, compared to 1.6 in June 2020. That is a decrease of 58% 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 138 homes newly listed for sale in Gwynn Oak, Windsor Mill, and Randallstown compared to 97 in June 2020, an increase of 42%. There were 123 current contracts pending sale this June compared to 110 a year ago. The number of current contracts is 12% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Gwynn Oak, Windsor Mill, and Randallstown was 101.6% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 30, a decrease of 63%.

The Long & Foster Market Minute Gwynn Oak, Windsor Mill, and Randallstown are defined as properties listed in zip code/s 21207, 21244 and 21133.
*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.