Is 21001, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 21001 has remained a Seller's Market.
Key Takeaway
21001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21001, MD
How much do homes in 21001, MD cost?
Median Sold Price
$315,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21001 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 21001 was $315,000 in April 2024, up 5.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.5K | N/A |
| 2 Bedrooms | $200K | $200K | 0.0% |
| 3 Bedrooms | $282.4K | $305K | +8.0% |
| 4 Bedrooms | $375K | $400K | +6.7% |
| 5+ Bedrooms | $525.5K | $487.5K | -7.2% |
Summary: 21001 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Zip Codes
| 21001 | $298.5K | $315K | +5.5% |
| 21017 | $260K | $270K | +3.8% |
| 21040 | $245K | $237K | -3.2% |
Housing Supply in 21001, MD
How many homes are available in 21001, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 74 | +21.3% |
Summary: The 21001 real estate market had 74 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 21001 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21001, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 21001 in April 2024, the same as the previous month. Of the 17 sold homes, 12% were sold under asking, 41% were sold at asking, and 47% were sold over asking.
Days on Market for 21001, MD
How long does it take to sell a home in 21001, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 16 Days | +23.5% |
Summary: Homes in 21001 had an average of 16 days on market in Apr 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21001 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 21001; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
