Is 21042, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$738,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21042 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 21042 was $738,000 in March 2024, up 1.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $360K | +75.6% |
| 2 Bedrooms | $339.9K | $342.5K | +0.7% |
| 3 Bedrooms | $541.5K | $577.5K | +6.6% |
| 4 Bedrooms | $730K | $790K | +8.2% |
| 5+ Bedrooms | $885K | $960K | +8.5% |
Summary: 21042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in 21042, MD
How many homes are available in 21042, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 147 | 164 | +11.6% |
Summary: The 21042 real estate market had 164 homes for sale in March 2024, a 11.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 67 | 81 | +20.9% |
| 5+ Bedrooms | 37 | 35 | -5.4% |
Summary: The 21042 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 33 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were 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. 72.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 21042 in March 2024, up by 83.3% month-over-month. Of the 33 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 11 Days | -54.1% |
Summary: Homes in 21042 had an average of 11 days on market in Mar 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
31 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 21042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 21042; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
