Gambrills Home Sales: Median Price Up 13 Percent in 2015

 Gambrills homes for sale

Gambrills homes for sale

Gambrills Homes Took 77 Days to Sell Last Year, on Average

The median price of a home sold in Gambrills, Maryland, rose 13 percent in 2015, led by a 15 percent jump in the sale price of condominiums.

Statistics published by Real Estate Business Intelligence show that 45 of the 175 homes sold last year in zip code 21054 were condos, and the average price of those units jumped from $274,295 in 2014 to $314,637 in 2015.

The average sale price of all attached homes in Gambrills – including townhomes, duplexes and condos – rose 10 percent over the year before.

Owners of Gambrills detached, single family homes did not fare as well. Average sale prices for those homes actually dropped from the prior year, by 3 percent.

The number of detached homes sold (120) was up 4 percent in 2015, from 115 in 2014. The number of attached homes sold (55) dropped 11 percent in 2015, from 62 in 2014.

One negative factor affecting all Gambrills home sellers last year was a 10 percent rise in the “days-on-market” figure. This means that Gambrills homes took a week longer to sell on average than the year before (77 days versus 70 days in 2014).

Finally, of particular note to owners of Gambrills luxury homes, 2015 showed a tremendous drop in the sale of homes priced $800K and over. In 2015, only two homes sold in this price range. In 2014, eight such homes sold.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).