Is 21085, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 21085 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $310K | N/A |
2 Bedrooms | $240K | $285K | +18.8% |
3 Bedrooms | $297.5K | $300.5K | +1.0% |
4 Bedrooms | $393.6K | $400K | +1.6% |
5+ Bedrooms | $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%.
Housing Supply in 21085, MD
How many homes are available in 21085, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
71 | 77 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 32 | 37 | +15.6% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 6 | 5 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 12 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 15 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
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.