Timonium home sales in 2017 were up from 2016!
The total volume of Timonium houses that sold in 2017 was $278,532,621, up 9.63% from the $254,055,035 volume sold in 2016.
The average sales price in Timonium was also up — to $412,641 — up 6.55% from the $387,279 average we saw in 2016.
There were 675 Timonium homes that changed hands last year, up 2.9% from the 656 we saw sell in 2016.
It took an average of 57 days for a Timonium home to sell in 2017. The average days on the market rose four days from the average of 53 it took in 2016.
There have been a lot more homes for sale in Timonium than have gone under contract and sold, as evidenced by the graph at the left. That being said, you can see the number of home available has dropped dramatically in the past few months. The graph above shows that the average list-to-sales price ratio is very good – homes in Timonium sold for an average of 96% of their list price last year.
In general, the Timonium real estate market fared very well in 2017!
View this link for a more detailed report on 21093 home sales in 2017. (All data care of 2018 MarketStats by ShowingTime. Data Provided by MRIS as of January 4, 2018.)
Please keep in mind that this is a very general overview of Timonium and Lutherville home sales for 2017.
The Lutherville-Timonium zip code of 21093 has a wide variety of both home types and neighborhoods. Homes in Timonium range from condos to small and large townhouses, small single family homes to very large detached homes.
For more information about your Timonium house value, please contact me. I would love to help!