The Long & Foster Market Minute

FOCUS ON: ELLICOTT CITY HOUSING MARKET APRIL 2025

Zip Code(s): 21042 and 21043
Units Sold
91
Active Inventory
86
Median Sale Price
$674,999
Days On Market
17
Up 2%
Vs. Year Ago
Down -23%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 91 sold this month in Ellicott City Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 23%. The total number of active inventory this April was 86 compared to 112 in April 2024. This month's total of 86 is lower than the previous month's total supply of available inventory of 108, a decrease of 20%.

Median Sale Price
Last April, the median sale price for Ellicott City Homes was $695,000. This April, the median sale price was $674,999, a decrease of 3% or $20,001 compared to last year. The current median sold price is 1% lower than in March.

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


New Listings
91
Current Contracts
102
Sold Vs. List Price
103.5%
Months of Supply
0.9
Down -30%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In April, there was 0.9 months of supply available in Ellicott City, compared to 1.3 in April 2024. That is a decrease 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 91 homes newly listed for sale in Ellicott City compared to 130 in April 2024, a decrease of 30%. There were 102 current contracts pending sale this April compared to 107 a year ago. The number of current contracts is 5% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Ellicott City was 103.5% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 15, an increase of 13%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.