Is 21131, 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, 21131 has remained a Seller's Market.
Key Takeaway
21131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21131, MD
How much do homes in 21131, MD cost?
Median Sold Price
$754,750
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21131 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 21131 was $754,750 in April 2024, up 10.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $645K | $600K | -7.0% |
| 3 Bedrooms | $490K | $620K | +26.5% |
| 4 Bedrooms | $659.5K | $710K | +7.7% |
| 5+ Bedrooms | $775K | $950K | +22.6% |
Summary: 21131 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 decreased by 7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Zip Codes
| 21131 | $682.5K | $754.7K | +10.6% |
| 21030 | $407.2K | $449.9K | +10.5% |
| 21013 | $599.5K | $649K | +8.3% |
Housing Supply in 21131, MD
How many homes are available in 21131, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The 21131 real estate market had 22 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 21131 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21131, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 21131 in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 21131, MD
How long does it take to sell a home in 21131, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 4 Days | -90.7% |
Summary: Homes in 21131 had an average of 4 days on market in Apr 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
4 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 21131 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 21131; 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.
