TOWSON HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 33 sold this month in Towson Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 24%. The total number of active inventory this March was 45 compared to 59 in March 2024. This month's total of 45 is lower than the previous month's total supply of available inventory of 52, a decrease of 13%.

Last March, the median sale price for Towson Homes was $480,000. This March, the median sale price was $435,000, a decrease of 9% or $45,000 compared to last year. The current median sold price is 16% lower than in February.

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

In March, there was 1.4 months of supply available in Towson, compared to 2.6 in March 2024. That is a decrease of 47% 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.

This month there were 42 homes newly listed for sale in Towson compared to 56 in March 2024, a decrease of 25%. There were 44 current contracts pending sale this March compared to 39 a year ago. The number of current contracts is 13% higher than last March.

In March, the average sale price in Towson was 100.5% of the average list price, which is 3.9% lower than at this time last year.

This month, the average number of days on market was 34, higher than the average last year, which was 29, an increase of 17%.





FOCUS ON: TOWSON HOUSING MARKET			MARCH 2025

Zip Code(s): 21286 and 21204
Units Sold 33	Active Inventory 45	Median Sale Price $435,000	Days On Market 34

Up Vs. Year Ago	Down -24% Vs. Year Ago	Down -9% Vs. Year Ago	Up 17% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 33 sold this month in Towson Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 24%. The total number of active inventory this March was 45 compared to 59 in March 2024. This month's total of 45 is lower than the previous month's total supply of available inventory of 52, a decrease of 13%.
		Median Sale Price Last March, the median sale price for Towson Homes was $480,000. This March, the median sale price was $435,000, a decrease of 9% or $45,000 compared to last year. The current median sold price is 16% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 42	Current Contracts 44	Sold Vs. List Price 100.5%	Months of Supply 1.4

Down -25% Vs. Year Ago	Up 13% Vs. Year Ago	Down -3.7% Vs. Year Ago	Down -47% Vs. Year Ago


		Months of Supply In March, there was 1.4 months of supply available in Towson, compared to 2.6 in March 2024. That is a decrease of 47% 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 42 homes newly listed for sale in Towson compared to 56 in March 2024, a decrease of 25%. There were 44 current contracts pending sale this March compared to 39 a year ago. The number of current contracts is 13% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Towson was 100.5% of the average list price, which is 3.9% lower than at this time last year. Days on Market This month, the average number of days on market was 34, higher than the average last year, which was 29, an increase of 17%.


	Towson are defined as properties listed in zip code/s 21286 and 21204.
	*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.