The Long & Foster Market Minute

FOCUS ON: HARFORD COUNTY HOUSING MARKET MARCH 2025

Units Sold
218
Active Inventory
404
Median Sale Price
$385,995
Days On Market
35
No Change
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 40%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 218 sold this month in Harford County Real Estate, an increase of 24%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is higher by 26 units or 7%. The total number of active inventory this March was 404 compared to 378 in March 2024. This month's total of 404 is lower than the previous month's total supply of available inventory of 446, a decrease of 9%.

Median Sale Price
Last March, the median sale price for Harford County Homes was $375,000. This March, the median sale price was approximately the same at $385,995. The current median sold price is 3% higher than in March 2024.

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


New Listings
276
Current Contracts
271
Sold Vs. List Price
100.5%
Months of Supply
1.9
Down -15%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 7%
Vs. Year Ago

Months of Supply
In March, there was 1.9 months of supply available in Harford County, compared to 1.7 in March 2024. That is an increase of 7% 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 276 homes newly listed for sale in Harford County compared to 325 in March 2024, a decrease of 15%. There were 271 current contracts pending sale this March compared to 268 a year ago. The number of current contracts is 1% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Harford County 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 35, higher than the average last year, which was 25, an increase of 40%.

The Long & Foster Market Minute
*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.