 |
|
 |
|
FOCUS ON: LUTHERVILLE, TIMONIUM, AND COCKEYSVILLE HOUSING MARKET |
JULY 2025 |
|
Zip Code(s): 21093, 21030 and 21022 |
Units Sold
66 |
Active Inventory
98 |
Median Sale Price
$481,575 |
Days On Market
30 |
|
|
|
|
Down -3%
Vs. Year Ago |
Down -21%
Vs. Year Ago |
Down -12%
Vs. Year Ago |
Up 88%
Vs. Year Ago |
|
|
|
Units Sold
There was a decrease in total units sold in July, with 66 sold this month in Lutherville, Timonium, and Cockeysville Real Estate versus 91 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 3% versus July 2024.
|
Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 21%. The total number of active inventory this July was 98 compared to 124 in July 2024. This month's total of 98 is lower than the previous month's total supply of available inventory of 121, a decrease of 19%.
|
|
|
Median Sale Price
Last July, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $550,000. This July, the median sale price was $481,575, a decrease of 12% or $68,425 compared to last year. The current median sold price is 7% lower than in June.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
|
|
|
|
New Listings
62 |
Current Contracts
66 |
Sold Vs. List Price
98.7% |
Months of Supply
1.5 |
|
|
|
|
Down -27%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
Down -2.6%
Vs. Year Ago |
Down -19%
Vs. Year Ago |
|
|
|
Months of Supply
In July, there was 1.5 months of supply available in Lutherville, Timonium, and Cockeysville, compared to 1.8 in July 2024. That is a decrease of 19% 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 62 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 85 in July 2024, a decrease of 27%. There were 66 current contracts pending sale this July compared to 70 a year ago. The number of current contracts is 6% lower than last July.
|
|
|
Sale Price to List Price Ratio
In July, the average sale price in Lutherville, Timonium, and Cockeysville was 98.7% of the average list price, which is 2.6% lower than at this time last year.
Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 16, an increase of 88%.
|
|
|
 |
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. |
Information 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. |