Is 21043, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21043 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 21043 has remained a Seller's Market.

Key Takeaway

21043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21043, MD

How much do homes in 21043, MD cost?

Median Sold Price

$550,866

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$18,466(-3.2%)

Key Takeaway

Homes in 21043 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 21043 was $550,866 in February 2024, down 3.2% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$375K
N/A
2 $322.9K$337.5K
+4.5%
3 $477.4K$502K
+5.1%
4 $706.7K$719K
+1.7%
5+ $864.4K$860K
-0.5%

Summary: 21043 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

21045
+4.7%
21075
+4.7%
21228
+2.6%
21042
0.2%
21043
-3.2%

Housing Supply in 21043, MD

How many homes are available in 21043, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
127145+14.2%

Summary: The 21043 real estate market had 145 homes for sale in February 2024, a 14.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1821
+16.7%
3 4243
+2.4%
4 3843
+13.2%
5+ 2938
+31.0%

Summary: The 21043 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 31%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1132+190.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21043, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 21043 in February 2024, up by 190.9% month-over-month. Of the 32 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.

Days on Market for 21043, MD

How long does it take to sell a home in 21043, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days20 Days-30.9%

Summary: Homes in 21043 had an average of 20 days on market in Feb 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21043 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 32 homes were sold in 21043; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 21043, MD

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