Is 21042, 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, 21042 has remained a Seller's Market.
Key Takeaway
21042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21042, MD
How much do homes in 21042, MD cost?
Median Sold Price
$751,121
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21042 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 21042 was $751,121 in April 2024, up 3.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $360K | +75.6% |
| 2 Bedrooms | $310K | $345K | +11.3% |
| 3 Bedrooms | $531K | $600K | +13.0% |
| 4 Bedrooms | $729K | $800K | +9.7% |
| 5+ Bedrooms | $892.5K | $972.5K | +9.0% |
Summary: 21042 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 9%.
Housing Supply in 21042, MD
How many homes are available in 21042, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 110 | +20.9% |
Summary: The 21042 real estate market had 110 homes for sale in April 2024, a 20.9% 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 | 8 | 3 | -62.5% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 47 | 47 | 0.0% |
| 5+ Bedrooms | 13 | 32 | +146.2% |
Summary: The 21042 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 decreased by 62.5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 146.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21042, you could pay more than the asking price. 77.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 21042 in April 2024, down by 16.2% month-over-month. Of the 31 sold homes, 3% were sold under asking, 19% were sold at asking, and 77% were sold over asking.
Days on Market for 21042, MD
How long does it take to sell a home in 21042, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 12 Days | -38.1% |
Summary: Homes in 21042 had an average of 12 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
30 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 21042 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 21042; 97% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
