Is 21050, 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, 21050 has remained a Seller's Market.
Key Takeaway
21050 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21050, MD
How much do homes in 21050, MD cost?
Median Sold Price
$450,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21050 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 21050 was $450,000 in March 2024, up 12.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $170K | +51.8% |
| 2 Bedrooms | $235.9K | $255K | +8.1% |
| 3 Bedrooms | $351K | $380K | +8.3% |
| 4 Bedrooms | $577.5K | $600K | +3.9% |
| 5+ Bedrooms | $872.5K | $665K | -23.8% |
Summary: 21050 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 23.8%.
Housing Supply in 21050, MD
How many homes are available in 21050, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The 21050 real estate market had 60 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The 21050 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21050, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 21050 in March 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for 21050, MD
How long does it take to sell a home in 21050, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -38.6% |
Summary: Homes in 21050 had an average of 15 days on market in Mar 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21050 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 21050; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
