CROFTON, CROWNSVILLE, AND GAMBRILLS HOUSING MARKET DATA

There was an increase in total units sold in July, with 59 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 57 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2023.

Versus last year, the total number of homes available this month is lower by 20 units or 23%. The total number of active inventory this July was 66 compared to 86 in July 2023. This month's total of 66 is lower than the previous month's total supply of available inventory of 67, a decrease of 1%.

Last July, the median sale price for Crofton, Crownsville, and Gambrills Homes was $489,000. This July, the median sale price was $510,000, an increase of 4% or $21,000 compared to last year. The current median sold price is 2% higher 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.

In July, there was 1.1 months of supply available in Crofton, Crownsville, and Gambrills, compared to 1.3 in July 2023. That is a decrease of 13% 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 Crofton, Crownsville, and Gambrills compared to 82 in July 2023, a decrease of 21%. There were 53 current contracts pending sale this July compared to 60 a year ago. The number of current contracts is 12% lower than last July.

In July, the average sale price in Crofton, Crownsville, and Gambrills was 101.6% of the average list price, which is 1.3% higher than at this time last year.

This month, the average number of days on market was 13, lower than the average last year, which was 19, a decrease of 32%.





FOCUS ON: CROFTON, CROWNSVILLE, AND GAMBRILLS HOUSING MARKET			JULY 2024

Zip Code(s): 21114, 21032 and 21054
Units Sold 59	Active Inventory 66	Median Sale Price $510,000	Days On Market 13

Down -12% Vs. Year Ago	Down -23% Vs. Year Ago	Up 4% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 59 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 57 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2023.
Active Inventory Versus last year, the total number of homes available this month is lower by 20 units or 23%. The total number of active inventory this July was 66 compared to 86 in July 2023. This month's total of 66 is lower than the previous month's total supply of available inventory of 67, a decrease of 1%.
		Median Sale Price Last July, the median sale price for Crofton, Crownsville, and Gambrills Homes was $489,000. This July, the median sale price was $510,000, an increase of 4% or $21,000 compared to last year. The current median sold price is 2% higher 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 65	Current Contracts 53	Sold Vs. List Price 101.6%	Months of Supply 1.1

Down -21% Vs. Year Ago	Down -12% Vs. Year Ago	Up 1.3% Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In July, there was 1.1 months of supply available in Crofton, Crownsville, and Gambrills, compared to 1.3 in July 2023. That is a decrease of 13% 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 Crofton, Crownsville, and Gambrills compared to 82 in July 2023, a decrease of 21%. There were 53 current contracts pending sale this July compared to 60 a year ago. The number of current contracts is 12% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Crofton, Crownsville, and Gambrills was 101.6% of the average list price, which is 1.3% higher than at this time last year. Days on Market This month, the average number of days on market was 13, lower than the average last year, which was 19, a decrease of 32%.


	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.
	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.