Lutherville, Timonium, and Cockeysville Housing Market Data

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.

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%.

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.

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.

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.

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.

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





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%.


	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.
	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.