Is 21122, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 21122 has remained a Seller's Market.
Key Takeaway
21122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21122, MD
How much do homes in 21122, MD cost?
Median Sold Price
$429,250
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21122 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 21122 was $429,250 in March 2024, up 4.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.1K | $238K | +30.7% |
| 2 Bedrooms | $278K | $288.5K | +3.8% |
| 3 Bedrooms | $375K | $390K | +4.0% |
| 4 Bedrooms | $475K | $509K | +7.2% |
| 5+ Bedrooms | $594.9K | $690K | +16.0% |
Summary: 21122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 16%.
Housing Supply in 21122, MD
How many homes are available in 21122, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 231 | 243 | +5.2% |
Summary: The 21122 real estate market had 243 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 91 | 101 | +11.0% |
| 4 Bedrooms | 92 | 92 | 0.0% |
| 5+ Bedrooms | 32 | 30 | -6.3% |
Summary: The 21122 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 11%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21122, expect to pay close to the asking price. 46.3% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in 21122 in March 2024, up by 2.5% month-over-month. Of the 41 sold homes, 10% were sold under asking, 46% were sold at asking, and 44% were sold over asking.
Days on Market for 21122, MD
How long does it take to sell a home in 21122, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +20.2% |
Summary: Homes in 21122 had an average of 33 days on market in Mar 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21122 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 41 homes were sold in 21122; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
