Is 21114, 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, 21114 has remained a Seller's Market.
Key Takeaway
21114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21114, MD
How much do homes in 21114, MD cost?
Median Sold Price
$425,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21114 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 21114 was $425,000 in April 2024, up 4.9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $296.5K | $325K | +9.6% |
| 3 Bedrooms | $375.7K | $387.9K | +3.2% |
| 4 Bedrooms | $625K | $638K | +2.1% |
| 5+ Bedrooms | $715K | $752.5K | +5.2% |
Summary: 21114 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 21114, MD
How many homes are available in 21114, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 75 | +31.6% |
Summary: The 21114 real estate market had 75 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 15 | 25 | +66.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 21114 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 remained the same, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21114, you could pay more than the asking price. 77.3% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 21114 in April 2024, down by 15.4% month-over-month. Of the 22 sold homes, 9% were sold under asking, 14% were sold at asking, and 77% were sold over asking.
Days on Market for 21114, MD
How long does it take to sell a home in 21114, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | -6.4% |
Summary: Homes in 21114 had an average of 6 days on market in Apr 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21114 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 21114; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
