Is 21158, 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, 21158 has remained a Seller's Market.
Key Takeaway
21158 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21158, MD
How much do homes in 21158, MD cost?
Median Sold Price
$413,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21158 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 21158 was $413,500 in April 2024, up 3.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $297.5K | $305K | +2.5% |
| 3 Bedrooms | $348.7K | $325K | -6.8% |
| 4 Bedrooms | $475K | $535K | +12.6% |
| 5+ Bedrooms | $548.4K | $650K | +18.5% |
Summary: 21158 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 2.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 18.5%.
Housing Supply in 21158, MD
How many homes are available in 21158, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 45 | -10.0% |
Summary: The 21158 real estate market had 45 homes for sale in April 2024, a 10.0% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 19 | 14 | -26.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 21158 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 increased by 33.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21158, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 21158 in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 0% were sold under asking, 14% were sold at asking, and 86% were sold over asking.
Days on Market for 21158, MD
How long does it take to sell a home in 21158, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 9 Days | -72.4% |
Summary: Homes in 21158 had an average of 9 days on market in Apr 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21158 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 21158; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
