Is 21204, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21204 was a Seller's Market.
Housing Prices in 21204, MD
How much do homes in 21204, MD cost?
Median Sold Price
$506,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21204 was $506,000 in March 2024, up 13.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.5K | $139K | +11.6% |
2 Bedrooms | $185K | $235K | +27.0% |
3 Bedrooms | $390K | $422.5K | +8.3% |
4 Bedrooms | $670K | $665K | -0.7% |
5+ Bedrooms | $740K | $1.2M | +68.9% |
Summary: 21204 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 68.9%.
Housing Supply in 21204, MD
How many homes are available in 21204, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 66 | +22.2% |
Summary: The 21204 real estate market had 66 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 6 | +500.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 21204 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 21204 in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 21204, MD
How long does it take to sell a home in 21204, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -18.9% |
Summary: Homes in 21204 had an average of 19 days on market in Mar 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 21204; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.