Focus On: December 2019 Ellicott City Housing Market

[Pages:2]Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

Units Sold

136

Active Inventory

102

180 160 140 120 100

80 60 40

S-19 J-20 M-20 S-20 J-21 M-21 S-21

300 250 200 150 100

50 S-19 J-20 M-20 S-20 J-21 M-21 S-21

Median Sale Price

$506,000

650,000 600,000 550,000 500,000 450,000 400,000 350,000 300,000

S-19 J-20 M-20 S-20 J-21 M-21 S-21

Down -6% Vs. Year Ago

Down -31% Vs. Year Ago

Down -3% Vs. Year Ago

September 2021

Days On Market

15

60 50 40 30 20 10

0 S-19 J-20 M-20 S-20 J-21 M-21 S-21

Down -44% Vs. Year Ago

Units Sold*

120

Sold Detached

Sold Attached

Units Sold

100

There was a decrease in total units sold in September, with 136

80

sold this month in Ellicott City versus 170 last month, a decrease

of 20%. This month's total units sold was lower than at this time

60

last year, a decrease of 6% versus September 2020.

40

20

0 300

250

200

Active Inventory 150

Versus last year, the total number of homes available this month is 100

lower by 45 units or 31%. The total number of active inventory this

September was 102 compared to 147 in September 2020. This

50

month's total of 102 is higher than the previous month's total

0

supply of available inventory of 101, an increase of 1%.

Active Inventory*

Active Detached

Active Attached

Active Condo/ Coop

600,000 400,000 200,000

0

Median Sale Price

Sep-20 $522,500

Sep-21 $506,000

Median Sale Price

Last September, the median sale price for Ellicott City Homes was $522,500. This September, the median sale price was $506,000, a decrease of 3% or $16,500 compared to last year. The current median sold price is 4% lower 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.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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.

Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

New Listings

Current Contracts

132

117

Sold Vs. List Price

102.0%

200 180 160 140 120 100

80 60 40

S-19 J-20 M-20 S-20 J-21 M-21 S-21

190 170 150 130 110

90 70 50

S-19 J-20 M-20 S-20 J-21 M-21 S-21

104.0% 102.0% 100.0%

98.0% 96.0% 94.0%

S-19 J-20 M-20 S-20 J-21 M-21 S-21

Up 6% Vs. Year Ago

Up 3% Vs. Year Ago

Up 2.2% Vs. Year Ago

September 2021

Months of Supply

0.8

3.0 2.5 2.0 1.5 1.0 0.5 0.0

S-19 J-20 M-20 S-20 J-21 M-21 S-21

Down -26% Vs. Year Ago

2.7 2.6 2.6 2.1 1.8 2.4 2.6 2.1 2.2 1.7 1.4 1.1 1.0 1.2 0.9 0.7 1.3 1.2 0.8 0.8 0.7 0.5 0.7 0.6 0.8

Months Of Supply

3.00 2.50 2.00 1.50 1.00 0.50 0.00

Months of Supply

In September, there was 0.8 months of supply available in Ellicott City, compared to 1.0 in September 2020. That is a decrease of 27% 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

Number of New Listings

Total Pending

250

New Listings & Current Contracts 200

This month there were 132 homes newly listed for sale in Ellicott 150 City compared to 124 in September 2020, an increase of 6%.

100

There were 117 current contracts pending sale this September compared to 114 a year ago. The number of current contracts is 50

3% higher than last September.

0

104% 103% 102% 101% 100%

99% 98% 97% 96% 95%

Sale Price/ List Price & DOM

Avg Sale / Avg List

Average DOM

60

50 Sale Price to List Price Ratio

40 In September, the average sale price in Ellicott City was 102.0% 30 of the average list price, which is 2.2% higher than at this time 20 last year.

10 Days On Market

0

This month, the average number of days on market was 15, lower than the average last year, which was 27, a decrease of 44%.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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.

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