The Long & Foster Market Minute

Focus On: Lutherville, Timonium, and Cockeysville Housing Market October 2021

Zip Code(s): 21093, 21030 and 21022
Units Sold
80
Active Inventory
105
Median Sale Price
$381,000
Days On Market
22
Down -23%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 80 sold this month in Lutherville, Timonium, and Cockeysville Real Estate versus 82 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 23% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 20%. The total number of active inventory this October was 105 compared to 131 in October 2020. This month's total of 105 is lower than the previous month's total supply of available inventory of 117, a decrease of 10%.

Median Sale Price
Last October, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $371,000. This October, the median sale price was $381,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 16% lower than in September.

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


New Listings
93
Current Contracts
80
Sold Vs. List Price
99.9%
Months of Supply
1.3
Down -22%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 1.3 months of supply available in Lutherville, Timonium, and Cockeysville. The amount of supply is similar compared to 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 93 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 120 in October 2020, a decrease of 23%. There were 80 current contracts pending sale this October compared to 93 a year ago. The number of current contracts is 14% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Lutherville, Timonium, and Cockeysville was 99.9% of the average list price, which is 0.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 31, a decrease of 29%.

The Long & Foster Market Minute Lutherville, Timonium, and Cockeysville are defined as properties listed in zip code/s 21093, 21030 and 21022.
*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.