Is 21045, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 21045 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $165K | +4.4% |
2 Bedrooms | $216K | $230K | +6.5% |
3 Bedrooms | $405K | $415K | +2.5% |
4 Bedrooms | $492K | $525K | +6.7% |
5+ Bedrooms | $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%.
Housing Supply in 21045, MD
How many homes are available in 21045, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
77 | 90 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 37 | 35 | -5.4% |
5+ Bedrooms | 4 | 4 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 22 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
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.