Is 21045, 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, 21045 has remained a Seller's Market.
Housing Prices in 21045, MD
How much do homes in 21045, MD cost?
Median Sold Price
$450,744
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21045 was $450,744 in March 2024, up 6.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.9K | $170K | +7.0% |
2 Bedrooms | $205K | $236.5K | +15.4% |
3 Bedrooms | $395K | $415K | +5.1% |
4 Bedrooms | $479K | $525K | +9.6% |
5+ Bedrooms | $632K | $635K | 0.5% |
Summary: 21045 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 21045, MD
How many homes are available in 21045, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 96 | +3.2% |
Summary: The 21045 real estate market had 96 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 37 | 39 | +5.4% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 21045 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 21045 in March 2024, up by 26.9% month-over-month. Of the 33 sold homes, 12% were sold under asking, 15% were sold at asking, and 73% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 9 Days | -69.4% |
Summary: Homes in 21045 had an average of 9 days on market in Mar 2024, down by 69.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 21045; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.