Is 21032, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21032 was a Seller's Market.
Key Takeaway
21032 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21032, MD
How much do homes in 21032, MD cost?
Median Sold Price
$690,337
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21032 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 21032 was $690,337 in March 2024, up 10.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $535K | +18.9% |
| 2 Bedrooms | $430K | $620K | +44.2% |
| 3 Bedrooms | $467.7K | $525K | +12.2% |
| 4 Bedrooms | $730K | $807K | +10.5% |
| 5+ Bedrooms | $1.0M | $1.2M | +12.9% |
Summary: 21032 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 44.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 21032, MD
How many homes are available in 21032, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Summary: The 21032 real estate market had 53 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 21032 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21032, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 21032 in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 21032, MD
How long does it take to sell a home in 21032, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 46 Days | -28.7% |
Summary: Homes in 21032 had an average of 46 days on market in Mar 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21032 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 21032; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
