Is 21061, 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, 21061 has remained a Seller's Market.
Key Takeaway
21061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21061, MD
How much do homes in 21061, MD cost?
Median Sold Price
$377,250
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21061 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 21061 was $377,250 in March 2024, up 7.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $221K | N/A |
| 2 Bedrooms | $242K | $257.5K | +6.4% |
| 3 Bedrooms | $335K | $345K | +3.0% |
| 4 Bedrooms | $386.2K | $410K | +6.1% |
| 5+ Bedrooms | $406K | $430K | +5.9% |
Summary: 21061 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 21061, MD
How many homes are available in 21061, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 124 | 124 | 0.0% |
Summary: The 21061 real estate market had 124 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 | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 63 | 68 | +7.9% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 21061 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21061, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 21061 in March 2024, down by 15.4% month-over-month. Of the 22 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for 21061, MD
How long does it take to sell a home in 21061, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 17 Days | -35.2% |
Summary: Homes in 21061 had an average of 17 days on market in Mar 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21061 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 21061; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
