Is 21045, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21045 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 21045 has remained a Seller's Market.

Key Takeaway

21045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21045, MD

How much do homes in 21045, MD cost?

Median Sold Price

$450,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,000(+4.7%)

Key Takeaway

Homes in 21045 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 21045 was $450,000 in February 2024, up 4.7% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $158K$165K
+4.4%
2 $216K$230K
+6.5%
3 $405K$415K
+2.5%
4 $492K$525K
+6.7%
5+ $627.5K$635K
+1.2%

Summary: 21045 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

21046
+9.4%
21044
+5.9%
21045
+4.7%
21075
+4.7%
21043
-3.2%

Housing Supply in 21045, MD

How many homes are available in 21045, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7790+16.9%

Summary: The 21045 real estate market had 90 homes for sale in February 2024, a 16.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 813
+62.5%
3 2836
+28.6%
4 3735
-5.4%
5+ 44
0.0%

Summary: The 21045 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23230.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21045, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 21045 in February 2024, the same as the previous month. Of the 23 sold homes, 13% were sold under asking, 26% were sold at asking, and 61% were sold over asking.

Days on Market for 21045, MD

How long does it take to sell a home in 21045, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
27 Days22 Days-18.7%

Summary: Homes in 21045 had an average of 22 days on market in Feb 2024, down by 18.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21045 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 23 homes were sold in 21045; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in 21045, MD

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