Your Maryland Real Estate Specialists

Anne Arundel County Real Estate Market Update

Get the Winning Edge with Grant, Weston, & Jim Bim

Anne Arundel County prices are up 5%, inventory is up 18%, and the market is shifting back to normal.

The median sold price climbed to $511K in October even as fewer homes closed than last year. That's a big change in sales activity, but it's a healthy one. Sellers with the right advice are still winning, and buyers are finding great opportunities on homes that started out too high.

Anne Arundel County By The Numbers

Year Over Year

$511K

Median Sold Price

Up 5% from $488K last October

▲ 18%

New Listings

751 homes came to market vs. 638 last October

▼ 33%

Closed Sales

421 homes closed vs. 630 last October

19 Days

Average Days on Market

For the most successful sellers, vs. 42 days market-wide

This Month's Big Winners

Top Overall Market — Units

Annapolis

Annapolis led Anne Arundel County in October with 88 closed sales.

Top Luxury Market

Annapolis

Annapolis also led the luxury market with 20 closed sales.

What This Means If You're Selling

With the median sold price up 5% to $511K, sellers who do things correctly are still getting great results. The most successful sellers averaged just 19 days on market, compared to 42 days for active inventory market-wide. Do it right, and you can beat the market by half.

The key is getting the right advice and pricing from recent comparables, ideally from the last 30 to 90 days. Sellers relying on older comps are starting too high, sitting longer, dropping their price, and becoming stale. It's all about the competition: see what's out there and position your home to stand out.

What This Means If You're Buying

With new listings up 18%, you have more homes to choose from, and fewer closings mean less competition on many of them.

Prices are still rising, though, so don't expect bargains across the board. The great buys are on homes that started too high, sat on the market, and had to drop their price. Watch for those, especially in active areas like Annapolis.

Ready to Make a Move in Anne Arundel County?

We helped buyers and sellers through the last normal market, through the crazy times, and now back into a normal market. Whether you're buying or selling in Annapolis or anywhere else in Anne Arundel County, we'll help you be the big winner in your transaction.

Call 410-461-2800

Grant Bim, Weston Bim & Jim Bim — Winning Edge Real Estate

Welcome to Winning Edge Real Estate a Family Owned and Operated Real Estate Brokerage where Winning Matters. We serve all of your real estate needs in and around the Baltimore / Washington Corridor. The Company is run by Jim Bim, Broker of Record, his son's Grant Bim and Weston Bim are Sales people within the company. Jim, Grant and Weston work to help their Sellers & Buyers accomplish their real estate goals while the Office Manager, Valerie Bim, and our Assistant, Kimberly make sure that homes go from "FOR SALE" to "SOLD" smoothly while making sure to keep you informed every step of the way. As real estate specialists we are experts in representing both home Sellers and home Buyers. We can help with general residential home / town home / condo resale, new homes, custom home construction, land sale, sub dividing acreage, as well as investment property. We are very knowledgeable of Howard County, Maryland as we have lived in the area for 40+ years. Due to our clients moving throughout the state, we also are very knowledgeable of Anne Arundel County, Carroll County, Frederick County, Baltimore County and Montgomery County. We actively work on a daily basis in areas that include: Fulton, Ellicott City, Columbia, Mount Airy, Clarksville, Woodstock, Jessup, Marriottsville, Glenelg, Glenwood, West Friendship, and everywhere in between. We also service Western Baltimore County which includes Arbutus, Halethorpe, Catonsville, Owings Mills and Reisterstown. We provide a free Maryland Real Estate search where we feature Howard County, Carroll County, Baltimore County, and Anne Arundel County real estate that will allow you to find homes, condos, townhomes, new homes, luxury homes, or even acreage, lots, or investment properties. Do you want to invest for your future, but you are not sure how to make the leap to become a real estate investor? We can help you find the right money making property, rent your property, and manage your property. If you have the desire to be a real estate investor, then we have the knowledge and know how to get you to real estate investor success. Quick Stats/Highlights: 100% of asking price (average) 63+ active listings Serving: 8 Maryland counties Hundreds of 5-star reviews