Is 21044, 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, 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
$478,200
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21044 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 21044 was $478,200 in April 2024, up 6.3% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $206.5K | +13.2% |
| 2 Bedrooms | $245K | $268.7K | +9.7% |
| 3 Bedrooms | $389K | $420K | +8.0% |
| 4 Bedrooms | $639.9K | $631.5K | -1.3% |
| 5+ Bedrooms | $738.5K | $815K | +10.4% |
Summary: 21044 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 21044, MD
How many homes are available in 21044, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 93 | +31.0% |
Summary: The 21044 real estate market had 93 homes for sale in April 2024, a 31.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 31 | 40 | +29.0% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 21044 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21044, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 21044 in April 2024, up by 10.7% month-over-month. Of the 31 sold homes, 23% were sold under asking, 29% were sold at asking, and 48% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +78.5% |
Summary: Homes in 21044 had an average of 16 days on market in Apr 2024, up by 78.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21044 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 21044; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
