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FOCUS ON: REISTERSTOWN AND GLYNDON HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 21136 and 21071 |
Units Sold
41 |
Active Inventory
84 |
Median Sale Price
$380,000 |
Days On Market
22 |
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Up 21%
Vs. Year Ago |
Up 47%
Vs. Year Ago |
Down -27%
Vs. Year Ago |
Up 100%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 41 sold this month in Reisterstown and Glyndon Real Estate versus 39 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 21% versus May 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 27 units or 47%. The total number of active inventory this May was 84 compared to 57 in May 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 88, a decrease of 5%.
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Median Sale Price
Last May, the median sale price for Reisterstown and Glyndon Homes was $517,500. This May, the median sale price was $380,000, a decrease of $137,500 compared to last year. The current median sold price is lower than in April.
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
42 |
Current Contracts
35 |
Sold Vs. List Price
100.3% |
Months of Supply
2.0 |
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Down -28%
Vs. Year Ago |
Down -35%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 22%
Vs. Year Ago |
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Months of Supply
In May, there was 2.0 months of supply available in Reisterstown and Glyndon, compared to 1.7 in May 2024. That is an increase of 22% 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 42 homes newly listed for sale in Reisterstown and Glyndon compared to 58 in May 2024, a decrease of 28%. There were 35 current contracts pending sale this May compared to 54 a year ago. The number of current contracts is 35% lower than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Reisterstown and Glyndon was 100.3% 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 22, higher than the average last year, which was 11, an increase of 100%.
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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. |
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. |