Is 21040, 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, 21040 was a Seller's Market.
Key Takeaway
21040 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 21040, MD
How much do homes in 21040, MD cost?
Median Sold Price
$235,333
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21040 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 21040 was $235,333 in March 2024, down 1.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $132K | +5.6% |
| 3 Bedrooms | $254K | $252K | -0.8% |
| 4 Bedrooms | $270K | $302K | +11.9% |
| 5+ Bedrooms | $275K | $390K | +41.8% |
Summary: 21040 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 41.8%.
Housing Supply in 21040, MD
How many homes are available in 21040, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 121 | +14.2% |
Summary: The 21040 real estate market had 121 homes for sale in March 2024, a 14.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 55 | 62 | +12.7% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 21040 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21040, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 21040 in March 2024, up by 11.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 21040, MD
How long does it take to sell a home in 21040, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +51.8% |
Summary: Homes in 21040 had an average of 21 days on market in Mar 2024, up by 51.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21040 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in 21040; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
