The Long & Foster Market Minute

Focus On: Perry Hall, Nottingham, and Northeastern Baltimore County Housing Market March 2021

Zip Code(s): 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236
Units Sold
92
Active Inventory
46
Median Sale Price
$334,950
Days On Market
20
Up 2%
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 92 sold this month in Perry Hall, Nottingham, and Northeastern Baltimore County 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 105 units or 70%. The total number of active inventory this March was 46 compared to 151 in March 2020. This month's total of 46 is higher than the previous month's total supply of available inventory of 45, an increase of 2%.

Median Sale Price
Last March, the median sale price for Perry Hall, Nottingham, and Northeastern Baltimore County Homes was $287,450. This March, the median sale price was $334,950, an increase of 17% or $47,500 compared to last year. The current median sold price is 21% 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
125
Current Contracts
111
Sold Vs. List Price
100.3%
Months of Supply
0.5
Up 6%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -70%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Perry Hall, Nottingham, and Northeastern Baltimore County, compared to 1.7 in March 2020. That is a decrease of 70% 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 125 homes newly listed for sale in Perry Hall, Nottingham, and Northeastern Baltimore County compared to 118 in March 2020, an increase of 6%. There were 111 current contracts pending sale this March compared to 95 a year ago. The number of current contracts is 17% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Perry Hall, Nottingham, and Northeastern Baltimore County was 100.3% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 59, a decrease of 66%.

The Long & Foster Market Minute Perry Hall, Nottingham, and Northeastern Baltimore County are defined as properties listed in zip code/s 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236.
*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.