LUTHERVILLE, TIMONIUM, AND COCKEYSVILLE HOUSING MARKET DATA

There was an increase in total units sold in March, with 55 sold this month in Lutherville, Timonium, and Cockeysville Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 16 units or 18%. The total number of active inventory this March was 74 compared to 90 in March 2024. This month's total of 74 is lower than the previous month's total supply of available inventory of 88, a decrease of 16%.

Last March, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $511,000. This March, the median sale price was $435,000, a decrease of 15% or $76,000 compared to last year. The current median sold price is 12% lower 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.

In March, there was 1.3 months of supply available in Lutherville, Timonium, and Cockeysville, compared to 1.8 in March 2024. That is a decrease of 24% 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.

This month there were 65 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 82 in March 2024, a decrease of 21%. There were 70 current contracts pending sale this March compared to 71 a year ago. The number of current contracts is 1% lower than last March.

In March, the average sale price in Lutherville, Timonium, and Cockeysville was 100.9% of the average list price, which is 1.4% higher than at this time last year.

This month, the average number of days on market was 26, lower than the average last year, which was 28, a decrease of 7%.





FOCUS ON: LUTHERVILLE, TIMONIUM, AND COCKEYSVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 21093, 21030 and 21022
Units Sold 55	Active Inventory 74	Median Sale Price $435,000	Days On Market 26

Up 8% Vs. Year Ago	Down -18% Vs. Year Ago	Down -15% Vs. Year Ago	Down -7% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 55 sold this month in Lutherville, Timonium, and Cockeysville 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 16 units or 18%. The total number of active inventory this March was 74 compared to 90 in March 2024. This month's total of 74 is lower than the previous month's total supply of available inventory of 88, a decrease of 16%.
		Median Sale Price Last March, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $511,000. This March, the median sale price was $435,000, a decrease of 15% or $76,000 compared to last year. The current median sold price is 12% lower 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 65	Current Contracts 70	Sold Vs. List Price 100.9%	Months of Supply 1.3

Down -21% Vs. Year Ago	Down -1% Vs. Year Ago	Up 1.4% Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In March, there was 1.3 months of supply available in Lutherville, Timonium, and Cockeysville, compared to 1.8 in March 2024. That is a decrease of 24% 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 65 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 82 in March 2024, a decrease of 21%. There were 70 current contracts pending sale this March compared to 71 a year ago. The number of current contracts is 1% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Lutherville, Timonium, and Cockeysville was 100.9% of the average list price, which is 1.4% higher than at this time last year. Days on Market This month, the average number of days on market was 26, lower than the average last year, which was 28, a decrease of 7%.


	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.