The Long & Foster Market Minute


Zip Code(s): 21093, 21030 and 21022
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 3%
Vs. Year Ago
Down -38%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -52%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 72 sold this month in Lutherville, Timonium, and Cockeysville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 43 units or 38%. The total number of active inventory this April was 69 compared to 112 in April 2023. This month's total of 69 is lower than the previous month's total supply of available inventory of 75, a decrease of 8%.

Median Sale Price
Last April, the median sale price for Lutherville, Timonium, and Cockeysville Homes was $506,250. This April, the median sale price was $440,000, a decrease of 13% or $66,250 compared to last year. The current median sold price is 14% lower than in March.

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
Down -23%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -40%
Vs. Year Ago

Months of Supply
In April, there was 1.0 months of supply available in Lutherville, Timonium, and Cockeysville, compared to 1.6 in April 2023. That is a decrease of 40% 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 79 homes newly listed for sale in Lutherville, Timonium, and Cockeysville compared to 102 in April 2023, a decrease of 23%. There were 78 current contracts pending sale this April compared to 82 a year ago. The number of current contracts is 5% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Lutherville, Timonium, and Cockeysville was 101.8% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 27, a decrease of 52%.

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.