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| MAY 2025 | |||
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| Zip Code(s): 21061 and 21060 | |||
| Units Sold 107 |
Active Inventory 148 |
Median Sale Price $420,000 |
Days On Market 15 |
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| Down -10% Vs. Year Ago |
Up 33% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -12% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 107 sold this month in Glen Burnie 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 higher by 37 units or 33%. The total number of active inventory this May was 148 compared to 111 in May 2024. This month's total of 148 is lower than the previous month's total supply of available inventory of 166, a decrease of 11%. |
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Median Sale Price
Last May, the median sale price for Glen Burnie Homes was $400,000. This May, the median sale price was $420,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 1% lower than in April. 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 105 |
Current Contracts 92 |
Sold Vs. List Price 101.2% |
Months of Supply 1.4 |
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| Down -16% Vs. Year Ago |
Down -19% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 48% Vs. Year Ago |
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Months of Supply
In May, there was 1.4 months of supply available in Glen Burnie, compared to 0.9 in May 2024. That is an increase of 48% 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. |
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New Listings & Current Contracts
This month there were 105 homes newly listed for sale in Glen Burnie compared to 125 in May 2024, a decrease of 16%. There were 92 current contracts pending sale this May compared to 113 a year ago. The number of current contracts is 19% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Glen Burnie was 101.2% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 17, a decrease of 12%. | |||
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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. |
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