Is 21085, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21085 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 21085 was a Seller's Market.

Key Takeaway

21085 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 21085, MD

How much do homes in 21085, MD cost?

Median Sold Price

$330,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+1.5%)

Key Takeaway

Homes in 21085 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 21085 was $330,000 in February 2024, up 1.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$310K
N/A
2 $240K$285K
+18.8%
3 $297.5K$300.5K
+1.0%
4 $393.6K$400K
+1.6%
5+ $440K$430K
-2.3%

Summary: 21085 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

21009
+8.1%
21085
+1.5%
21040
-2.1%

Housing Supply in 21085, MD

How many homes are available in 21085, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7177+8.5%

Summary: The 21085 real estate market had 77 homes for sale in February 2024, a 8.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 3237
+15.6%
4 2424
0.0%
5+ 65
-16.7%

Summary: The 21085 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21085, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 21085 in February 2024, up by 71.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.

Days on Market for 21085, MD

How long does it take to sell a home in 21085, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days15 Days-71.2%

Summary: Homes in 21085 had an average of 15 days on market in Feb 2024, down by 71.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21085 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 12 homes were sold in 21085; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 21085, MD

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