Is 21044, 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, 21044 has remained a Seller's Market.
Key Takeaway
21044 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21044, MD
How much do homes in 21044, MD cost?
Median Sold Price
$470,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21044 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 21044 was $470,500 in March 2024, up 4.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $210K | +20.0% |
| 2 Bedrooms | $246K | $267.5K | +8.7% |
| 3 Bedrooms | $400K | $410K | +2.5% |
| 4 Bedrooms | $652K | $629.9K | -3.4% |
| 5+ Bedrooms | $737K | $808K | +9.6% |
Summary: 21044 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 21044, MD
How many homes are available in 21044, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 101 | +11.0% |
Summary: The 21044 real estate market had 101 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 26 | 38 | +46.2% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 21044 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 remained the same, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21044, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 21044 in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for 21044, MD
How long does it take to sell a home in 21044, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 11 Days | -45.7% |
Summary: Homes in 21044 had an average of 11 days on market in Mar 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21044 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in 21044; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
