Is 21046, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21046 was a Seller's Market.
Key Takeaway
21046 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 21046, MD
How much do homes in 21046, MD cost?
Median Sold Price
$454,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21046 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 21046 was $454,000 in March 2024, up 12.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193K | $205K | +6.2% |
| 2 Bedrooms | $275K | $290K | +5.5% |
| 3 Bedrooms | $415K | $425K | +2.4% |
| 4 Bedrooms | $525K | $595K | +13.3% |
| 5+ Bedrooms | $640K | $685K | +7.0% |
Summary: 21046 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7%.
Housing Supply in 21046, MD
How many homes are available in 21046, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The 21046 real estate market had 42 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 21046 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 7 | -63.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21046, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 21046 in March 2024, down by 63.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 21046, MD
How long does it take to sell a home in 21046, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 3 Days | -56.6% |
Summary: Homes in 21046 had an average of 3 days on market in Mar 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21046 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 21046; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
