ELKRIDGE HOUSING MARKET DATA

There was an increase in total units sold in August, with 22 sold this month in Elkridge Real Estate versus 21 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 27% versus August 2024.

Versus last year, the total number of homes available this month is higher by 12 units or 26%. The total number of active inventory this August was 58 compared to 46 in August 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.

Last August, the median sale price for Elkridge Homes was $535,000. This August, the median sale price was $523,750, a decrease of 2% or $11,250 compared to last year. The current median sold price is 19% higher than in July.

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

In August, there was 2.6 months of supply available in Elkridge, compared to 1.5 in August 2024. That is an increase of 72% 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 35 homes newly listed for sale in Elkridge compared to 45 in August 2024, a decrease of 22%. There were 34 current contracts pending sale this August compared to 36 a year ago. The number of current contracts is 6% lower than last August.

In August, the average sale price in Elkridge was 100.4% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 22, higher than the average last year, which was 18, an increase of 22%.





FOCUS ON: ELKRIDGE HOUSING MARKET			AUGUST 2025

Zip Code(s): 21075
Units Sold 22	Active Inventory 58	Median Sale Price $523,750	Days On Market 22

Down -27% Vs. Year Ago	Up 26% Vs. Year Ago	Down -2% Vs. Year Ago	Up 22% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 22 sold this month in Elkridge Real Estate versus 21 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 27% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 12 units or 26%. The total number of active inventory this August was 58 compared to 46 in August 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.
		Median Sale Price Last August, the median sale price for Elkridge Homes was $535,000. This August, the median sale price was $523,750, a decrease of 2% or $11,250 compared to last year. The current median sold price is 19% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 34	Sold Vs. List Price 100.4%	Months of Supply 2.6

Down -22% Vs. Year Ago	Down -6% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 73% Vs. Year Ago


		Months of Supply In August, there was 2.6 months of supply available in Elkridge, compared to 1.5 in August 2024. That is an increase of 72% 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 35 homes newly listed for sale in Elkridge compared to 45 in August 2024, a decrease of 22%. There were 34 current contracts pending sale this August compared to 36 a year ago. The number of current contracts is 6% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Elkridge was 100.4% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 22, higher than the average last year, which was 18, an increase of 22%.


	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.