Is 21012, 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, 21012 has remained a Seller's Market.
Key Takeaway
21012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21012, MD
How much do homes in 21012, MD cost?
Median Sold Price
$559,900
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21012 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 21012 was $559,900 in April 2024, up 8.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | - | N/A |
| 2 Bedrooms | $265K | $285K | +7.5% |
| 3 Bedrooms | $425K | $475K | +11.8% |
| 4 Bedrooms | $605.5K | $665K | +9.8% |
| 5+ Bedrooms | $1.0M | $800K | -24.2% |
Summary: 21012 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 increased by 7.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 24.2%.
Housing Supply in 21012, MD
How many homes are available in 21012, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The 21012 real estate market had 53 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 21012 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21012, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 21012 in April 2024, down by 23.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for 21012, MD
How long does it take to sell a home in 21012, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 17 Days | +143.3% |
Summary: Homes in 21012 had an average of 17 days on market in Apr 2024, up by 143.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21012 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 21012; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
