The Long & Foster Market Minute

Focus On: Lutherville, Timonium, and Cockeysville Housing Market June 2021

Zip Code(s): 21093, 21030 and 21022
Units Sold
114
Active Inventory
94
Median Sale Price
$440,000
Days On Market
16
Up 19%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 114 sold this month in Lutherville, Timonium, and Cockeysville Real Estate versus 97 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 41 units or 30%. The total number of active inventory this June was 94 compared to 135 in June 2020. This month's total of 94 is higher than the previous month's total supply of available inventory of 77, an increase of 22%.

Median Sale Price
Last June, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $397,500. This June, the median sale price was $440,000, an increase of 11% or $42,500 compared to last year. The current median sold price is 5% 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
129
Current Contracts
97
Sold Vs. List Price
100.9%
Months of Supply
0.8
Up 5%
Vs. Year Ago
Down -25%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Lutherville, Timonium, and Cockeysville, compared to 1.4 in June 2020. That is a decrease of 41% 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 129 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 123 in June 2020, an increase of 5%. There were 97 current contracts pending sale this June compared to 130 a year ago. The number of current contracts is 25% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Lutherville, Timonium, and Cockeysville was 100.9% of the average list price, which is 2.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 34, a decrease of 53%.

The Long & Foster Market Minute Lutherville, Timonium, and Cockeysville are defined as properties listed in zip code/s 21093, 21030 and 21022.
*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.