Is 21120, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21120 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 21120 was a Seller's Market.

Key Takeaway

21120 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21120, MD

How much do homes in 21120, MD cost?

Median Sold Price

$634,900

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,900(+1.6%)

Key Takeaway

Homes in 21120 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 21120 was $634,900 in February 2024, up 1.6% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $244.5K-
N/A
3 $400K$500K
+25.0%
4 $700K$660K
-5.7%
5+ $725K$777.5K
+7.2%

Summary: 21120 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 did not change, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

21111
+7.4%
21120
+1.6%
21152
-5.8%
21161
-7.0%

Housing Supply in 21120, MD

How many homes are available in 21120, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
21210.0%

Summary: The 21120 real estate market had 21 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 1312
-7.7%
5+ 45
+25.0%

Summary: The 21120 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21120, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 21120 in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 21120, MD

How long does it take to sell a home in 21120, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
35 Days95 Days+171.4%

Summary: Homes in 21120 had an average of 95 days on market in Feb 2024, up by 171.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 21120 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in 21120; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

Newest Listings in 21120, MD

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