Ellicott City, MD Real Estate Market Report March 2016
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.
Now you can educate yourself about the market and then choose a great local Realtor to represent you!
Let's take a look at the 3 major indicators for this very active real estate market in Ellicott City, MD:
# 1- AVERAGE SOLD PRICE
The average sold price for detached homes in Ellicott City, MD in March was $451,347.
This is almost a 6% increase from the average price a year ago. This is good news for sellers in this sought after area in Howard County - prices are steadily rising as people look to move here. The good new for Buyers? Ellicott City has a long standing history of strong schools, community, and stability in the state. With diversity, new development, and it's attractive proximity to Washington DC, we can only expect this area to continue trending upwards.
The number of units sold is at 55 for February, which is a 16% decrease compared with this time last year.
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
Houses in Ellicott City were on the market for an average of 79 days in March. This is a small increase to the market this time last year, despite that rise in interest rates.
List Price to Actual Price remains stable which indicates homes are being priced correctly in Ellicott City, MD.
# 3- NEW LISTINGS
New home listings are another indicator of health in the real estate market.
With 178 new properties on the market in March 2016. This is up an impressive 36% from last year! Plenty of opportunities for Buyers to find the home they want!
There are currently 238 active listings in Ellicott City, MD - So many great options for buyers in this area!
Do you love reading all the details? Click this link for all the current updates 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).
Even if you already live in Ellicott City- it is always a good idea to know what homes are selling for in your area since selling prices affect your home's value as well!
LIKE US ON FACEBOOK TO FOLLOW OUR BLOG AND GET LOCAL INFORMATION!
Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information. Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs!
AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre will be donating 2.5% of every commission check to “EPIK Kids in Action” Foundation.
The more homes we sell, the more money we can donate to “EPIK Kids in Action“. Our goal for 2016 is 200 homes. The 100th home sale we will donate 100% of the commission. If we hit our lofty goal of 200 homes we will donate 200% of the commission.