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| FEBRUARY 2025 | |||
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| Zip Code(s): 21042 and 21043 | |||
| Units Sold 47 |
Active Inventory 63 |
Median Sale Price $600,000 |
Days On Market 28 |
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| Down -16% Vs. Year Ago |
Down -21% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 47 sold this month in Ellicott City Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 21%. The total number of active inventory this February was 63 compared to 80 in February 2024. This month's total of 63 is lower than the previous month's total supply of available inventory of 73, a decrease of 14%. |
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Median Sale Price
Last February, the median sale price for Ellicott City Homes was $562,500. This February, the median sale price was $600,000, an increase of 7% or $37,500 compared to last year. The current median sold price is 6% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 56 |
Current Contracts 55 |
Sold Vs. List Price 104.3% |
Months of Supply 1.3 |
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| Down -35% Vs. Year Ago |
Down -23% Vs. Year Ago |
Up 3.3% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In February, there was 1.3 months of supply available in Ellicott City. The amount of supply is similar compared to 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. |
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New Listings & Current Contracts
This month there were 56 homes newly listed for sale in Ellicott City compared to 86 in February 2024, a decrease of 35%. There were 55 current contracts pending sale this February compared to 71 a year ago. The number of current contracts is 23% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Ellicott City was 104.3% of the average list price, which is 3.3% higher than at this time last year. Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%. | |||
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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. |
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