Is 21075, 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, 21075 has remained a Seller's Market.
Key Takeaway
21075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21075, MD
How much do homes in 21075, MD cost?
Median Sold Price
$452,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21075 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 21075 was $452,000 in March 2024, up 5.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $315K | $300K | -4.8% |
| 3 Bedrooms | $420K | $434.9K | +3.5% |
| 4 Bedrooms | $585K | $590K | +0.9% |
| 5+ Bedrooms | $677K | $665K | -1.8% |
Summary: 21075 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 decreased by 4.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 21075, MD
How many homes are available in 21075, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 112 | +6.7% |
Summary: The 21075 real estate market had 112 homes for sale in March 2024, a 6.7% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 21075 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 increased by 17.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 30 | +76.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21075, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 21075 in March 2024, up by 76.5% month-over-month. Of the 30 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.
Days on Market for 21075, MD
How long does it take to sell a home in 21075, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 23 Days | +144.8% |
Summary: Homes in 21075 had an average of 23 days on market in Mar 2024, up by 144.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21075 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in 21075; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
