Elkridge, MD Home Values & Market Trends

Real estate market trends reflect that there have been 340 transactions over the past year in Elkridge. The median value for residential home transactions that occurred over the previous year is $458,686.55. The number of current listings in Elkridge is 39, and the percentage of properties for sale in the city is 39.00%. Elkridge, MD currently has 4 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 39 properties for sale.

Elkridge, MD Real Estate Market Overview

ZipMedian Est. Value
21075

$ 445,250

$ 244/sqft

Housing Market Summary for Elkridge, MD

Apr 2023March 2024Change
Median Listing Price$385K$441.4K14.64%
Median Sold Price$429K$441.4K2.88%
Homes For Sale4337-13.95%
Homes Sold203167-17.73%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Elkridge, MD

Elkridge home values range from $62,516 to $2,307,500. The median estimated value of a home in Elkridge is $458,686.55. The median list price of a home is 379,900, and the total count of properties in the city is 8,939.

Foreclosure
There is 1 zips within Elkridge, MD; within this zips, the median estimated home value for homes in foreclosure ranges from $1,047,000 in 21075 to the lowest value of $371,014 in 21075. Foreclosure homes account for 0.00% of properties in Elkridge, MD with 21075 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Elkridge, MD with 21075 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elkridge, MD; of that zips, the estimated home value for pre-foreclosure homes ranges from $371,014 in 21075 to the lowest home value of $371,014 in 21075.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Elkridge, MD ranges from the highest value of $1,047,000 in 21075 to the lowest value of $1,047,000 in 21075. Bank owned homes and properties account for 0.01% of properties in Elkridge, MD. There is 1 zips within Elkridge, MD; 21075 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    21075 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Elkridge, MD. Auction homes and other auction properties account for 0.02% of all properties in Elkridge, MD. There is 1 zips within Elkridge, MD; of that zips, the median estimated home value for homes going to auction ranges from $842,729 in 21075 to the lowest value of $503,843 in 21075.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.44% of residential properties in Elkridge, MD with 21075 containing 39 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Elkridge, MD; homes for sale in that zips, have a range of median values from $1,047,000 in 21075 to the lowest value of $227,749 in 21075.
    Sold Homes
    The median value for recently sold homes ranges from $1,246,658 in 21075 to the lowest price of $219,820 in 21075. There is 1 zips within Elkridge, MD. 21075 has 176 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.97% of properties in Elkridge, MD.

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      Guide for Elkridge, MD

      Market Reports
      Baltimore Real Estate Market Shows Promising Growth Trend – Mar 2024
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Baltimore Real Estate Market Shows Promising Growth Trend – Mar 2024
      Market Reports|posted 12 March 2024

      Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.