The Long & Foster Market Minute

Focus On: Reisterstown and Glyndon Housing Market September 2021

Zip Code(s): 21136 and 21071
Units Sold
62
Active Inventory
55
Median Sale Price
$316,000
Days On Market
15
Up 3%
Vs. Year Ago
Down -17%
Vs. Year Ago
No Change
Vs. Year Ago
Down -57%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 62 sold this month in Reisterstown and Glyndon Real Estate versus 77 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 3% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 17%. The total number of active inventory this September was 55 compared to 66 in September 2020. This month's total of 55 is higher than the previous month's total supply of available inventory of 54, an increase of 2%.

Median Sale Price
Last September, the median sale price for Reisterstown and Glyndon Homes was $315,000. This September, the median sale price was $316,000, which is similar compared to a year ago. The current median sold price is 7% higher than in August.

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


New Listings
71
Current Contracts
58
Sold Vs. List Price
101.2%
Months of Supply
0.9
Up 37%
Vs. Year Ago
Up 41%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -19%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Reisterstown and Glyndon, compared to 1.1 in September 2020. That is a decrease of 19% 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 71 homes newly listed for sale in Reisterstown and Glyndon compared to 52 in September 2020, an increase of 37%. There were 58 current contracts pending sale this September compared to 41 a year ago. The number of current contracts is 41% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Reisterstown and Glyndon was 101.2% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 35, a decrease of 57%.

The Long & Foster Market Minute Reisterstown and Glyndon are defined as properties listed in zip code/s 21136 and 21071.
*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.