The Long & Foster Market Minute

Focus On: Hamilton, Lauraville, Raspeburg Housing Market September 2021

Zip Code(s): 21206 and 21214
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -18%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -38%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 91 sold this month in Hamilton, Lauraville, Raspeburg Real Estate versus 108 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 18% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 4%. The total number of active inventory this September was 141 compared to 147 in September 2020. This month's total of 141 is higher than the previous month's total supply of available inventory of 131, an increase of 8%.

Median Sale Price
Last September, the median sale price for Hamilton, Lauraville, Raspeburg Homes was $189,900. This September, the median sale price was $220,000, an increase of 16% or $30,100 compared to last year. The current median sold price is 10% higher than in August.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 15%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Up 17%
Vs. Year Ago

Months of Supply
In September, there was 1.5 months of supply available in Hamilton, Lauraville, Raspeburg, compared to 1.3 in September 2020. That is an increase of 17% 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 128 homes newly listed for sale in Hamilton, Lauraville, Raspeburg compared to 111 in September 2020, an increase of 15%. There were 90 current contracts pending sale this September compared to 99 a year ago. The number of current contracts is 9% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Hamilton, Lauraville, Raspeburg was 101.4% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 29, a decrease of 38%.

The Long & Foster Market Minute Hamilton, Lauraville, Raspeburg are defined as properties listed in zip code/s 21206 and 21214.
*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.