Ellicott City Housing Market Data

There was a decrease in total units sold in August, with 99 sold this month in Ellicott City Real Estate versus 105 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2022.

Versus last year, the total number of homes available this month is lower by 38 units or 31%. The total number of active inventory this August was 86 compared to 124 in August 2022. This month's total of 86 is lower than the previous month's total supply of available inventory of 104, a decrease of 17%.

Last August, the median sale price for Ellicott City Homes was $699,900. This August, the median sale price was $669,900, a decrease of 4% or $30,000 compared to last year. The current median sold price is 2% lower than in July.

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

In August, there was 0.9 months of supply available in Ellicott City, compared to 1.2 in August 2022. That is a decrease of 28% 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 69 homes newly listed for sale in Ellicott City compared to 106 in August 2022, a decrease of 35%. There were 74 current contracts pending sale this August compared to 84 a year ago. The number of current contracts is 12% lower than last August.

In August, the average sale price in Ellicott City was 103.3% of the average list price, which is 2.2% higher than at this time last year.

This month, the average number of days on market was 14, which is similar compared to a year ago.





Focus On: Ellicott City Housing Market			August 2023

Zip Code(s): 21042 and 21043
Units Sold 99	Active Inventory 86	Median Sale Price $669,900	Days On Market 14

Down -4% Vs. Year Ago	Down -31% Vs. Year Ago	Down -4% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 99 sold this month in Ellicott City Real Estate versus 105 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 38 units or 31%. The total number of active inventory this August was 86 compared to 124 in August 2022. This month's total of 86 is lower than the previous month's total supply of available inventory of 104, a decrease of 17%.
		Median Sale Price Last August, the median sale price for Ellicott City Homes was $699,900. This August, the median sale price was $669,900, a decrease of 4% or $30,000 compared to last year. The current median sold price is 2% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 74	Sold Vs. List Price 103.3%	Months of Supply 0.9

Down -35% Vs. Year Ago	Down -12% Vs. Year Ago	Up 2.2% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In August, there was 0.9 months of supply available in Ellicott City, compared to 1.2 in August 2022. That is a decrease of 28% 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 69 homes newly listed for sale in Ellicott City compared to 106 in August 2022, a decrease of 35%. There were 74 current contracts pending sale this August compared to 84 a year ago. The number of current contracts is 12% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Ellicott City was 103.3% of the average list price, which is 2.2% higher than at this time last year. Days on Market This month, the average number of days on market was 14, which is similar compared to a year ago.


	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.