Is 21054, 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, 21054 has remained a Seller's Market.
Housing Prices in 21054, MD
How much do homes in 21054, MD cost?
Median Sold Price
$615,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21054 was $615,000 in March 2024, up 13.9% 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 | $265.2K | $305K | +15.0% |
2 Bedrooms | $335K | $365K | +9.0% |
3 Bedrooms | $510K | $575K | +12.7% |
4 Bedrooms | $620K | $650K | +4.8% |
5+ Bedrooms | $857.4K | $988K | +15.2% |
Summary: 21054 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 21054, MD
How many homes are available in 21054, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 58 | +16.0% |
Summary: The 21054 real estate market had 58 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 21054 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 decreased by 7.7%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 21054 in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -30.0% |
Summary: Homes in 21054 had an average of 17 days on market in Mar 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
9 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, 11 homes were sold in 21054; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.