Timonium home sales in 2016 were up from 2015!
The total volume of Timonium houses that sold in 2016 was $254,055,035, up 10.66% from the $229,575,071 volume sold in 2015.
The average sales price in Timonium was also up — to $387,279 — up 2.06% from the $379,463 average we saw in 2015.
There were 656 Timonium homes that changed hands last year, up 8.43% from the 605 we saw sell in 2015.
It took an average of 53 days for a Timonium home to sell in 2016. The average days on the market dropped about seven days from the average of 60 it took in 2015.
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. The graph above, though, shows that the average list-to-sales price ratio is very good – homes in Timonium sold for an average of 96.5% of their list price last year.
In general, the Timonium real estate market fared very well in 2016!
View this link for a more detailed report on 21093 home sales in 2016. (All data care of 2017 RealEstate Business Intelligence, LLC. Data Provided by MRIS as of January 5, 2017.)
Please keep in mind that this is a very general overview of Timonium and Lutherville home sales for 2016.
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!