A Question Everyone is Asking

Your real estate connection for Anne Arundel County, Maryland - Home of Fort George G. Meade, Northrop Grumman, BWI and the U.S. Naval Academy

How Long Has That House Been on the Market? was asked by Brian Block about a week ago on ActiveRain.  As he says in that post, it's a question that is "topping the heap for homebuyers everywhere".

Many thanks to Brian for allowing me to quote his take on this topic as a guest blogger for Focus On Crofton, and to substitute statistics for Crofton real estate and homes for sale.  A lot of Crofton residents work in Northern Virginia, and I'm sure they will be interested in clicking through on the link to Brian's Northern Viginia and Washington, D.C. Real Estate Blog to read what's happening in that market.

CROFTON AREA HOMES ON THE MARKET FOR MORE THAN SIX MONTHS: 

For anyone unfamiliar with Crofton, let me explain that we are located in the middle of a triangle formed by Washington, Baltimore and Annapolis.  With BRAC and military relocation to and from Fort Meade, Andrews AFB, Annapolis Naval Station and the U.S. Naval Academy - not to mention the political turnover that occurs in D.C. every two years - the real estate market here is much better than many other parts of the country.  Davidsonville, Gambrills and Odenton are adjacent to Crofton, and some of our schools, shopping, commuting routes and places of worship overlap, so I am including information about them, as well. 

Unlike Brian's market in Northern Virginia, no homes in Crofton (21114) have been on the market for a year or more, while there are five in Davidsonville (21035) and another five in Gambrills (21054) and Odenton (21113) combined.  However, any homeseller whose property has been on the market for more than six months may be highly motivated to sell now, and there are more than a hundred of those.  In the following chart, statistics are the "average" -

CROFTON AREA HOMES CURRENTLY ON THE MARKET:

In Crofton, at this time, there are 137 homes on the market.  The average list price is $401,635, and prices range from $220,000 to $899,899.  Average days on market for all properties is 101.  Average age of homes is 24 years.

76 homes are currently on the market in Davidsonville, with an average list price of $976,708, with the lowest priced at $279,900 and the highest at $2,999,950.  The average days on market for all listed properties is 154 and the average age of these homes is 17.

In Gambrills, there are 67 homes on the market ranging from $214,900 to $2,700,000 with an average list price today of $658,991.  Average days on market is 141 and average age of listed homes is 22.

There are 219 homes currently for sale in Odenton.  The average list price is $364,859, and prices range from $45,000 for a mobile home to $2,100,000.  The average days on market for all listed properties is 99, and the average age of these homes is 12.

Thanks again, Brian, for being a guest blogger for FocusOnCrofton.com.

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