$10,000 Closing Credit*
$850,000
4,336 SqFt
4 Beds
•4 Full Baths, 1 Partial
Barb Atkinson, Listing Office: RE/MAX Executive
Is 21054, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, 21054 has remained a Seller's Market.
Key Takeaway
21054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21054, MD
How much do homes in 21054, MD cost?
Median Sold Price
$615,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$39,000(+6.8%)
Key Takeaway
Homes in 21054 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 21054 was $615,000 in August 2024, up 6.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $295K | +6.9% |
| 2 Bedrooms | $376.2K | $337.5K | -10.3% |
| 3 Bedrooms | $530K | $557.5K | +5.2% |
| 4 Bedrooms | $645K | $660K | +2.3% |
| 5+ Bedrooms | $1.0M | $977.5K | -5.1% |
Summary: 21054 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 21054, MD
How many homes are available in 21054, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The 21054 real estate market had 36 homes for sale in August 2024, a 16.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 21054 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21054, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 21054 in August 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 21054, MD
How long does it take to sell a home in 21054, MD?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 9 Days | 8 Days | -5.6% |
Summary: Homes in 21054 had an average of 8 days on market in Aug 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21054 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in 21054; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
