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FOCUS ON: MIDDLE RIVER HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 21220 |
Units Sold
50 |
Active Inventory
87 |
Median Sale Price
$365,500 |
Days On Market
17 |
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Up 14%
Vs. Year Ago |
Down -12%
Vs. Year Ago |
Up 3%
Vs. Year Ago |
Down -26%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 50 sold this month in Middle River Real Estate versus 38 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 14% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 12%. The total number of active inventory this July was 87 compared to 99 in July 2024. This month's total of 87 is higher than the previous month's total supply of available inventory of 81, an increase of 7%.
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Median Sale Price
Last July, the median sale price for Middle River Homes was $355,000. This July, the median sale price was $365,500, an increase of 3% or $10,500 compared to last year. The current median sold price is 4% lower than in June.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
58 |
Current Contracts
42 |
Sold Vs. List Price
100.5% |
Months of Supply
1.7 |
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Down -13%
Vs. Year Ago |
Up 2%
Vs. Year Ago |
No Change
Vs. Year Ago |
Down -23%
Vs. Year Ago |
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Months of Supply
In July, there was 1.7 months of supply available in Middle River, compared to 2.3 in July 2024. That is a decrease 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.
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New Listings & Current Contracts
This month there were 58 homes newly listed for sale in Middle River compared to 67 in July 2024, a decrease of 13%. There were 42 current contracts pending sale this July compared to 41 a year ago. The number of current contracts is 2% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Middle River was 100.5% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 23, a decrease of 26%.
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Middle River are defined as properties listed in zip code/s 21220. |
*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. |