ELKRIDGE HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in July, with 21 sold this month in Elkridge Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 36%. The total number of active inventory this July was 53 compared to 39 in July 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 55, a decrease of 4%.

Last July, the median sale price for Elkridge Homes was $467,500. This July, the median sale price was $440,000, a decrease of 6% or $27,500 compared to last year. The current median sold price is 16% 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.

In July, there was 2.5 months of supply available in Elkridge, compared to 1.3 in July 2024. That is an increase of 101% 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 33 homes newly listed for sale in Elkridge compared to 40 in July 2024, a decrease of 18%. There were 23 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 21% lower than last July.

In July, the average sale price in Elkridge was 101.1% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 15, lower than the average last year, which was 22, a decrease of 32%.





FOCUS ON: ELKRIDGE HOUSING MARKET			JULY 2025

Zip Code(s): 21075
Units Sold 21	Active Inventory 53	Median Sale Price $440,000	Days On Market 15

Down Vs. Year Ago	Up 36% Vs. Year Ago	Down -6% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in July, with 21 sold this month in Elkridge Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 36%. The total number of active inventory this July was 53 compared to 39 in July 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 55, a decrease of 4%.
		Median Sale Price Last July, the median sale price for Elkridge Homes was $467,500. This July, the median sale price was $440,000, a decrease of 6% or $27,500 compared to last year. The current median sold price is 16% 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 33	Current Contracts 23	Sold Vs. List Price 101.1%	Months of Supply 2.5

Down -18% Vs. Year Ago	Down -21% Vs. Year Ago	Up 1.2% Vs. Year Ago	Up 100% Vs. Year Ago


		Months of Supply In July, there was 2.5 months of supply available in Elkridge, compared to 1.3 in July 2024. That is an increase of 101% 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 33 homes newly listed for sale in Elkridge compared to 40 in July 2024, a decrease of 18%. There were 23 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 21% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Elkridge was 101.1% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 15, lower than the average last year, which was 22, a decrease of 32%.


	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.