HANOVER AND LINTHICUM HEIGHTS HOUSING MARKET DATA

There was a decrease in total units sold in May, with 36 sold this month in Hanover and Linthicum Heights Real Estate versus 39 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 29% versus May 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 13%. The total number of active inventory this May was 65 compared to 75 in May 2024. This month's total of 65 is lower than the previous month's total supply of available inventory of 79, a decrease of 18%.

Last May, the median sale price for Hanover and Linthicum Heights Homes was $485,000. This May, the median sale price was $539,878, an increase of 11% or $54,878 compared to last year. The current median sold price is 2% higher 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.

In May, there was 1.8 months of supply available in Hanover and Linthicum Heights, compared to 1.5 in May 2024. That is an increase of 23% 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 56 homes newly listed for sale in Hanover and Linthicum Heights compared to 65 in May 2024, a decrease of 14%. There were 54 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Hanover and Linthicum Heights was 100.5% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 31, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.





FOCUS ON: HANOVER AND LINTHICUM HEIGHTS HOUSING MARKET			MAY 2025

Zip Code(s): 21076, 21090 and 21077
Units Sold 36	Active Inventory 65	Median Sale Price $539,878	Days On Market 31

Down -29% Vs. Year Ago	Down -13% Vs. Year Ago	Up 11% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 36 sold this month in Hanover and Linthicum Heights Real Estate versus 39 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 29% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 13%. The total number of active inventory this May was 65 compared to 75 in May 2024. This month's total of 65 is lower than the previous month's total supply of available inventory of 79, a decrease of 18%.
		Median Sale Price Last May, the median sale price for Hanover and Linthicum Heights Homes was $485,000. This May, the median sale price was $539,878, an increase of 11% or $54,878 compared to last year. The current median sold price is 2% higher 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.



New Listings 56	Current Contracts 54	Sold Vs. List Price 100.5%	Months of Supply 1.8

Down -14% Vs. Year Ago	Up 13% Vs. Year Ago	Down -1% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In May, there was 1.8 months of supply available in Hanover and Linthicum Heights, compared to 1.5 in May 2024. That is an increase of 23% 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 56 homes newly listed for sale in Hanover and Linthicum Heights compared to 65 in May 2024, a decrease of 14%. There were 54 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Hanover and Linthicum Heights was 100.5% 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 31, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.


	Hanover and Linthicum Heights are defined as properties listed in zip code/s 21076, 21090 and 21077.
	*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.