Is Windsor Mill, 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, Windsor Mill has remained a Seller's Market.
Key Takeaway
Windsor Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Windsor Mill, MD
How much do homes in Windsor Mill, MD cost?
Median Sold Price
$319,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Windsor Mill have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Windsor Mill was $319,000 in May 2024, up 12.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $236K | $213.5K | -9.5% |
| 3 Bedrooms | $275K | $310K | +12.7% |
| 4 Bedrooms | $327.5K | $377.5K | +15.3% |
| 5+ Bedrooms | $364.5K | $400K | +9.7% |
Summary: Windsor Mill 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 decreased by 9.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Windsor Mill | $284K | $319K | +12.3% |
| Gwynn Oak | $270K | $290K | +7.4% |
| Pikesville | $349.5K | $374.9K | +7.3% |
| Randallstown | $345K | $352.5K | +2.2% |
| Woodstock | $630K | $633K | 0.5% |
Housing Supply in Windsor Mill, MD
How many homes are available in Windsor Mill, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 60 | +9.1% |
Summary: The Windsor Mill real estate market had 60 homes for sale in May 2024, a 9.1% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Windsor Mill 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Windsor Mill, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Windsor Mill in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Windsor Mill, MD
How long does it take to sell a home in Windsor Mill, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -53.2% |
Summary: Homes in Windsor Mill had an average of 8 days on market in May 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Windsor Mill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Windsor Mill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
