Gambrills, MD Real Estate Market Statistics for Zip Code 21054
December over December Statistics
Source: Metropolitan Regional Information Systems, Inc.
| 2004 |
2005 |
2006 |
2007 |
2008 |
|
| Sold Dollar Volume |
$7,918,977 |
$5,281,800 |
$2,924,900 |
$7,643,913 |
$2,179,900 |
| Average Sold Price |
$416,788 |
$480,164 |
$487,483 |
$587,993 |
$544,975 |
| Median Sold Price |
377,004 | $415,000 |
$477,450 |
$590,000 |
$585,000 |
| Avg Days on Market |
32 |
61 |
93 |
114 |
148 |
| Units Sold |
19 |
11 |
6 |
13 |
4 |
2004 and 2006 was the best real estate December's for Gambrills, MD. The 2007 data for Sold Dollar Volume seems skewed and is a likely result of several more expensive homes being sold. This would also be reflected in the significantly higher Average Sold and Median Sold Prices. In general, the Gambrills real estate market is declining but as with the real estate market in general, the bottom may have been reached or will be shortly.
Total December Sold Dollar Volume for Gambrills homes seems to be in a freefall compared to 2007. As with other communities in the area, the days on the market continues to increase. Five to six months on average for Gambrills at the present time.
Looking at data in a table doesn't always provide you with the information necessary to make a buy or sell decision. I can help you sort through additional information by neighborhood for Odenton and all of the surrounding communities. Please call me at your convenience at to discuss the Gambrills MD real estate situations or any surrounding area.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
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