GLEN BURNIE HOUSING MARKET DATA

There was an increase in total units sold in March, with 88 sold this month in Glen Burnie Real Estate versus 66 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 20%. The total number of active inventory this March was 112 compared to 93 in March 2024. This month's total of 112 is lower than the previous month's total supply of available inventory of 131, a decrease of 15%.

Last March, the median sale price for Glen Burnie Homes was $380,625. This March, the median sale price was $433,500, an increase of 14% or $52,875 compared to last year. 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 1.3 months of supply available in Glen Burnie, compared to 1.1 in March 2024. That is an increase of 14% 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 114 homes newly listed for sale in Glen Burnie compared to 97 in March 2024, an increase of 18%. There were 112 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 23% higher than last March.

In March, the average sale price in Glen Burnie was 100.6% 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 24, higher than the average last year, which was 16, an increase of 50%.





FOCUS ON: GLEN BURNIE HOUSING MARKET			MARCH 2025

Zip Code(s): 21061 and 21060
Units Sold 88	Active Inventory 112	Median Sale Price $433,500	Days On Market 24

Up 6% Vs. Year Ago	Up 20% Vs. Year Ago	Up 14% Vs. Year Ago	Up 50% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 88 sold this month in Glen Burnie Real Estate versus 66 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 20%. The total number of active inventory this March was 112 compared to 93 in March 2024. This month's total of 112 is lower than the previous month's total supply of available inventory of 131, a decrease of 15%.
		Median Sale Price Last March, the median sale price for Glen Burnie Homes was $380,625. This March, the median sale price was $433,500, an increase of 14% or $52,875 compared to last year. 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 114	Current Contracts 112	Sold Vs. List Price 100.6%	Months of Supply 1.3

Up 18% Vs. Year Ago	Up 23% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In March, there was 1.3 months of supply available in Glen Burnie, compared to 1.1 in March 2024. That is an increase of 14% 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 114 homes newly listed for sale in Glen Burnie compared to 97 in March 2024, an increase of 18%. There were 112 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 23% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Glen Burnie was 100.6% 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 24, higher than the average last year, which was 16, an increase of 50%.


	Glen Burnie are defined as properties listed in zip code/s 21061 and 21060.
	*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.