Ellicott City, MD Real Estate Market Report November 2015
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator
This Ellicott City, MD Market Report by EPIK Home Group includes homes in the 21042 and 21043 zip codes.
Please contact us directly for a breakdown by zip.
Educate yourself about the market and then choose a great local Realtor to represent you!
Let's take a look at the major indicators for the real estate market in Ellicott City, MD:
# 1- SOLD PRICE
The average sold price for detached homes in Ellicott City, MD in November 2015 was $583,958.
This is up over 9% from the average price a year ago. Good news for sellers right now in this sought after area in Howard County as prices may end up going down over the next year as interest rates begin to rise.
The average sold price for an attached home was stable at $350,768. That number is up just 3% from 2014.
ALERT - If you have been thinking about selling for more than a year - now is the time as interest rates remain low and inventory is moving! Contact us for information on How to Get Ready to Sell (or How to Get Ready to Buy if you are looking to move into this area!)
# 2 - AVERAGE DAYS ON MARKET
Homes are selling quickly right now! Houses in Ellicott City were on the market for an average of 68 days in November. This is a big drop from the 92 days on the market this time last year.
List Price to Actual Price was stable which means homes are being priced correctly in Ellicott City, MD.
# 3- NEW LISTINGS
New home listings are another indicator of real estate market conditions.
98 new properties came on the market in November. This is up 30% from last year!
There are currently 272 active listings in Ellicott City, MD - great options for buyers in this area!
Want to see more stats? Check out these details on the Ellicott City MD Real Estate Market Report- Click this link for all the information on Ellicott City MD.
LIVING IN ELLICOTT CITY
Our area is so wonderful that many people do not move out once they move in! Using a local Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!
Ellicott City in Howard County, MD is a great place to live with excellent public schools, lots of outdoor parks and recreation opportunities, an award winning historic main street and countless options for working, shopping and dining - no wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!
What does this mean for people looking to invest in Howard County Real Estate? It means you want to use a local Realtor who knows the market REALLY well. Call a LOCAL Realtor to help you with your Howard County Real Estate needs.
Click here to see the Ellicott City MD Real Estate active listings right now! (Feel free to save this link, it updates as the Ellicott City MD Real Estate market changes- you will always have the live market update).
Read on for more details of this active market!
