ELKRIDGE HOUSING MARKET DATA

There was an increase in total units sold in March, with 28 sold this month in Elkridge Real Estate versus 23 last month, an increase of 22%. This month's total units sold was lower than at this time last year, a decrease of 18% versus March 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 3%. The total number of active inventory this March was 37 compared to 36 in March 2024. This month's total of 37 is higher than the previous month's total supply of available inventory of 36, an increase of 3%.

Last March, the median sale price for Elkridge Homes was $475,000. This March, the median sale price was $454,250, a decrease of 4% or $20,750 compared to last year. The current median sold price is 11% lower than in February.

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

In March, there was 1.3 months of supply available in Elkridge, compared to 1.1 in March 2024. That is an increase of 25% 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 38 homes newly listed for sale in Elkridge compared to 39 in March 2024, a decrease of 3%. There were 32 current contracts pending sale this March compared to 33 a year ago. The number of current contracts is 3% lower than last March.

In March, the average sale price in Elkridge was 101.0% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 11, lower than the average last year, which was 21, a decrease of 48%.





FOCUS ON: ELKRIDGE HOUSING MARKET			MARCH 2025

Zip Code(s): 21075
Units Sold 28	Active Inventory 37	Median Sale Price $454,250	Days On Market 11

Down -18% Vs. Year Ago	Up 3% Vs. Year Ago	Down -4% Vs. Year Ago	Down -48% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 28 sold this month in Elkridge Real Estate versus 23 last month, an increase of 22%. This month's total units sold was lower than at this time last year, a decrease of 18% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 3%. The total number of active inventory this March was 37 compared to 36 in March 2024. This month's total of 37 is higher than the previous month's total supply of available inventory of 36, an increase of 3%.
		Median Sale Price Last March, the median sale price for Elkridge Homes was $475,000. This March, the median sale price was $454,250, a decrease of 4% or $20,750 compared to last year. The current median sold price is 11% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 38	Current Contracts 32	Sold Vs. List Price 101.0%	Months of Supply 1.3

Down -3% Vs. Year Ago	Down -3% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 25% Vs. Year Ago


		Months of Supply In March, there was 1.3 months of supply available in Elkridge, compared to 1.1 in March 2024. That is an increase of 25% 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 38 homes newly listed for sale in Elkridge compared to 39 in March 2024, a decrease of 3%. There were 32 current contracts pending sale this March compared to 33 a year ago. The number of current contracts is 3% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Elkridge was 101.0% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 11, lower than the average last year, which was 21, a decrease of 48%.


	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.