Is 21078, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 21078 has remained a Seller's Market.
Key Takeaway
21078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21078, MD
How much do homes in 21078, MD cost?
Median Sold Price
$397,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21078 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 21078 was $397,000 in April 2024, up 4.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $265K | +1.9% |
| 2 Bedrooms | $250K | $290K | +16.0% |
| 3 Bedrooms | $354K | $372.5K | +5.2% |
| 4 Bedrooms | $425K | $455K | +7.1% |
| 5+ Bedrooms | $580K | $577K | -0.5% |
Summary: 21078 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
| 21903 | $293K | $335K | +14.3% |
| 21034 | $332.5K | $369K | +11.0% |
| 21078 | $380K | $397K | +4.5% |
| 21904 | $422.5K | $386.4K | -8.5% |
Housing Supply in 21078, MD
How many homes are available in 21078, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 79 | +23.4% |
Summary: The 21078 real estate market had 79 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 21078 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21078, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 21078 in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 21078, MD
How long does it take to sell a home in 21078, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 18 Days | -67.4% |
Summary: Homes in 21078 had an average of 18 days on market in Apr 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21078 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 21078; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
