Is 21060, 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, 21060 has remained a Seller's Market.
Key Takeaway
21060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21060, MD
How much do homes in 21060, MD cost?
Median Sold Price
$386,325
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21060 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 21060 was $386,325 in March 2024, up 1.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $170K | -4.2% |
| 2 Bedrooms | $299K | $239.9K | -19.7% |
| 3 Bedrooms | $390K | $409K | +4.9% |
| 4 Bedrooms | $410.5K | $425K | +3.5% |
| 5+ Bedrooms | $565K | $429K | -24.1% |
Summary: 21060 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 24.1%.
Housing Supply in 21060, MD
How many homes are available in 21060, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 185 | +4.5% |
Summary: The 21060 real estate market had 185 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 88 | 91 | +3.4% |
| 4 Bedrooms | 45 | 53 | +17.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 21060 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 6.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21060, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 21060 in March 2024, up by 11.8% month-over-month. Of the 38 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for 21060, MD
How long does it take to sell a home in 21060, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 23 Days | +31.6% |
Summary: Homes in 21060 had an average of 23 days on market in Mar 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21060 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in 21060; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
