Is Sparks Glencoe, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sparks Glencoe has remained a Seller's Market.
Housing Prices in Sparks Glencoe, MD
How much do homes in Sparks Glencoe, MD cost?
Median Sold Price
$402,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sparks Glencoe was $402,500 in May 2024, up 0.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $252.5K | +5.2% |
3 Bedrooms | $399K | $474K | +18.8% |
4 Bedrooms | $615K | $485K | -21.1% |
5+ Bedrooms | $1.0M | $1.1M | +9.6% |
Summary: Sparks Glencoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
Cockeysville | $425K | $450K | +5.9% |
Phoenix | $700K | $731.2K | +4.5% |
Sparks Glencoe | $399K | $402.5K | +0.9% |
Monkton | $815K | $775K | -4.9% |
Housing Supply in Sparks Glencoe, MD
How many homes are available in Sparks Glencoe, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Sparks Glencoe real estate market had 20 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 7 | 3 | -57.1% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sparks Glencoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Sparks Glencoe in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Sparks Glencoe, MD
How long does it take to sell a home in Sparks Glencoe, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 15 Days | +169.8% |
Summary: Homes in Sparks Glencoe had an average of 15 days on market in May 2024, up by 169.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Sparks Glencoe; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.