ELLICOTT CITY HOUSING MARKET DATA

There was an increase in total units sold in March, with 60 sold this month in Ellicott City Real Estate versus 52 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.

Versus last year, the total number of homes available this month is lower by 28 units or 28%. The total number of active inventory this March was 73 compared to 101 in March 2024. This month's total of 73 is lower than the previous month's total supply of available inventory of 88, a decrease of 17%.

Last March, the median sale price for Ellicott City Homes was $676,000. This March, the median sale price was $677,500, which is similar compared to a year ago. The current median sold price is 4% higher 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 1.2 months of supply available in Ellicott City, compared to 1.5 in March 2024. That is a decrease of 18% 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 84 homes newly listed for sale in Ellicott City compared to 102 in March 2024, a decrease of 18%. There were 87 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 16% higher than last March.

In March, the average sale price in Ellicott City was 103.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 21, higher than the average last year, which was 20, an increase of 5%.





FOCUS ON: ELLICOTT CITY HOUSING MARKET			MARCH 2025

Zip Code(s): 21042 and 21043
Units Sold 60	Active Inventory 73	Median Sale Price $677,500	Days On Market 21

Down -12% Vs. Year Ago	Down -28% Vs. Year Ago	No Change Vs. Year Ago	Up 5% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 60 sold this month in Ellicott City Real Estate versus 52 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 28 units or 28%. The total number of active inventory this March was 73 compared to 101 in March 2024. This month's total of 73 is lower than the previous month's total supply of available inventory of 88, a decrease of 17%.
		Median Sale Price Last March, the median sale price for Ellicott City Homes was $676,000. This March, the median sale price was $677,500, which is similar compared to a year ago. The current median sold price is 4% higher 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 84	Current Contracts 87	Sold Vs. List Price 103.2%	Months of Supply 1.2

Down -18% Vs. Year Ago	Up 16% Vs. Year Ago	No Change Vs. Year Ago	Down -18% Vs. Year Ago


		Months of Supply In March, there was 1.2 months of supply available in Ellicott City, compared to 1.5 in March 2024. That is a decrease of 18% 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 84 homes newly listed for sale in Ellicott City compared to 102 in March 2024, a decrease of 18%. There were 87 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 16% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Ellicott City was 103.2% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 20, an increase of 5%.


	Ellicott City are defined as properties listed in zip code/s 21042 and 21043.
	*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.