ELKRIDGE HOUSING MARKET DATA

There was an increase in total units sold in September, with 29 sold this month in Elkridge Real Estate versus 23 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 3% versus September 2024.

Versus last year, the total number of homes available this month is higher by 25 units or 68%. The total number of active inventory this September was 62 compared to 37 in September 2024. This month's total of 62 is lower than the previous month's total supply of available inventory of 66, a decrease of 6%.

Last September, the median sale price for Elkridge Homes was $450,000. This September, the median sale price was $447,500, a decrease of 1% or $2,500 compared to last year. The current median sold price is 11% lower than in August.

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

In September, there was 2.1 months of supply available in Elkridge, compared to 1.2 in September 2024. That is an increase of 73% 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 26 homes newly listed for sale in Elkridge compared to 30 in September 2024, a decrease of 13%. There were 19 current contracts pending sale this September compared to 26 a year ago. The number of current contracts is 27% lower than last September.

In September, the average sale price in Elkridge was 100.0% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.





FOCUS ON: ELKRIDGE HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 21075
Units Sold 29	Active Inventory 62	Median Sale Price $447,500	Days On Market 21

Down -3% Vs. Year Ago	Up 68% Vs. Year Ago	Down -1% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in September, with 29 sold this month in Elkridge Real Estate versus 23 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 3% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 25 units or 68%. The total number of active inventory this September was 62 compared to 37 in September 2024. This month's total of 62 is lower than the previous month's total supply of available inventory of 66, a decrease of 6%.
		Median Sale Price Last September, the median sale price for Elkridge Homes was $450,000. This September, the median sale price was $447,500, a decrease of 1% or $2,500 compared to last year. The current median sold price is 11% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 26	Current Contracts 19	Sold Vs. List Price 100.0%	Months of Supply 2.1

Down -13% Vs. Year Ago	Down -27% Vs. Year Ago	Down -1.4% Vs. Year Ago	Up 74% Vs. Year Ago


		Months of Supply In September, there was 2.1 months of supply available in Elkridge, compared to 1.2 in September 2024. That is an increase of 73% 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 26 homes newly listed for sale in Elkridge compared to 30 in September 2024, a decrease of 13%. There were 19 current contracts pending sale this September compared to 26 a year ago. The number of current contracts is 27% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Elkridge was 100.0% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.


	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.