Is 21202, 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, 21202 has remained a Buyer's Market.
Housing Prices in 21202, MD
How much do homes in 21202, MD cost?
Median Sold Price
$216,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21202 was $216,500 in March 2024, down 8.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $158K | +9.0% |
2 Bedrooms | $223.2K | $238K | +6.6% |
3 Bedrooms | $317.5K | $225.9K | -28.9% |
4 Bedrooms | $285K | $238.2K | -16.4% |
5+ Bedrooms | $725K | $185K | -74.5% |
Summary: 21202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 28.9%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 74.5%.
Housing Supply in 21202, MD
How many homes are available in 21202, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
178 | 197 | +10.7% |
Summary: The 21202 real estate market had 197 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 30 | +11.1% |
2 Bedrooms | 69 | 78 | +13.0% |
3 Bedrooms | 48 | 56 | +16.7% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 21202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 21202 in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 21202, MD
How long does it take to sell a home in 21202, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +13.9% |
Summary: Homes in 21202 had an average of 54 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 21202; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.