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| MAY 2025 | |||
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| Zip Code(s): 21075 | |||
| Units Sold 43 |
Active Inventory 38 |
Median Sale Price $542,000 |
Days On Market 16 |
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| Up 13% Vs. Year Ago |
Up 41% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 43 sold this month in Elkridge Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 41%. The total number of active inventory this May was 38 compared to 27 in May 2024. This month's total of 38 is lower than the previous month's total supply of available inventory of 48, a decrease of 21%. |
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Median Sale Price
Last May, the median sale price for Elkridge Homes was $470,000. This May, the median sale price was $542,000, an increase of 15% or $72,000 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 45 |
Current Contracts 44 |
Sold Vs. List Price 100.7% |
Months of Supply 0.9 |
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| Up 25% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -2.3% Vs. Year Ago |
Up 24% Vs. Year Ago |
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Months of Supply
In May, there was 0.9 months of supply available in Elkridge, compared to 0.7 in May 2024. That is an increase 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. |
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New Listings & Current Contracts
This month there were 45 homes newly listed for sale in Elkridge compared to 36 in May 2024, an increase of 25%. There were 44 current contracts pending sale this May compared to 40 a year ago. The number of current contracts is 10% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Elkridge was 100.7% of the average list price, which is 2.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 13, an increase of 23%. | |||
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Elkridge are defined as properties listed in zip code/s 21075. | ||
| *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. |
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