Owings Mills Real Estate Market Update October 2015
Featherstone & Co. is outpacing the market by selling our listings, on average, almost 2 weeks faster than the Owings Mills 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 Owings Mills was 215 homes, down 4.44% from the same time last year.
Average Sales Price
Last October, the average sale price for Owings Mills was $269,658. This year, average home prices ticked upward, on average, to $298,334, an increase of 10.63% or $28,676 compared to the same time last year.
There was a decrease in total homes sold in October, with 64 sold this month in Owings Mills versus 66 sold in September, a decrease of 3.0%. Total homes sold in October increased 45.5% compared to 44 homes sold during the same time last year.
Down 26.8% from September, there were 60 homes that went under contract pending sale this October in Owings Mills, down 1.6% compared to 61 homes during the same time a year ago.
Days on Market
In October, the average number of days on market in Owings Mills was 76.