Gwynn Oak Real Estate Market Update October 2015
Featherstone & Co. is outpacing the market by selling our listings, on average, almost 2 weeks faster than the Gwynn Oak average!
Is it time to Sell? Click here to check your homes new value.
Below are market statistics for October 2015.
The total number of active homes on the market this October in Gwynn Oak was 160 homes, down 4.19% from the same time last year.
Average Sales Price
Last October, the average sale price for Gwynn Oak was $141,843. This year, average home prices ticked upward, on average, to $150,083, an increase of 5.81% or $8,240 compared to the same time last year.
There was an increase in total homes sold in October, with 50 sold this month in Gwynn Oak versus 48 sold in September, an increase of 4.2%. Total homes sold in October increased 8.7% compared to 46 homes sold during the same time last year.
Up 102.4% from September, there were 83 homes that went under contract pending sale this October in Gwynn Oak, up 43.1% compared to 58 homes during the same time a year ago.
Days on Market
In October, the average number of days on market in Gwynn Oak was 58.