Is 21157, 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, 21157 has remained a Seller's Market.
Key Takeaway
21157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21157, MD
How much do homes in 21157, MD cost?
Median Sold Price
$433,750
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21157 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 21157 was $433,750 in March 2024, up 8.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $153.7K | N/A |
| 2 Bedrooms | $237K | $292.4K | +23.4% |
| 3 Bedrooms | $350K | $380K | +8.6% |
| 4 Bedrooms | $505K | $500K | -1.0% |
| 5+ Bedrooms | $650K | $758.6K | +16.7% |
Summary: 21157 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in 21157, MD
How many homes are available in 21157, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Summary: The 21157 real estate market had 124 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 40 | 41 | +2.5% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 21157 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21157, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 21157 in March 2024, up by 31.6% month-over-month. Of the 25 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for 21157, MD
How long does it take to sell a home in 21157, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 40 Days | +12.0% |
Summary: Homes in 21157 had an average of 40 days on market in Mar 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21157 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 21157; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
