The Long & Foster Market Minute

Focus On: Crofton, Crownsville, and Gambrills Housing Market September 2019

Zip Code(s): 21114, 21032 and 21054
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 84 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 20 units or 8%. The total number of active inventory this September was 229 compared to 249 in September 2018. This month's total of 229 is lower than the previous month's total supply of available inventory of 267, a decrease of 14%.

Median Sale Price
Last September, the median sale price for Crofton, Crownsville, and Gambrills Homes was $363,450. This September, the median sale price was $373,450, an increase of 3% or $10,000 compared to last year. The current median sold price is 3% higher than in August.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 18%
Vs. Year Ago
Up 60%
Vs. Year Ago
No Change
Vs. Year Ago
Down -45%
Vs. Year Ago

Months of Supply
In September, there was 2.7 months of supply available in Crofton, Crownsville, and Gambrills, compared to 5.0 in September 2018. That is a decrease of 45% 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 85 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 72 in September 2018, an increase of 18%. There were 72 current contracts pending sale this September compared to 45 a year ago. The number of current contracts is 60% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Crofton, Crownsville, and Gambrills was 98.9% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 41, lower than the average last year, which was 43, a decrease of 5%.

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.