Is 21205, 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, 21205 has remained a Buyer's Market.
Housing Prices in 21205, MD
How much do homes in 21205, MD cost?
Median Sold Price
$133,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21205 was $133,500 in March 2024, down 4.6% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $13K | $95K | +630.8% |
2 Bedrooms | $131.7K | $129K | -2.1% |
3 Bedrooms | $145K | $122.5K | -15.5% |
4 Bedrooms | $197.5K | $190K | -3.8% |
5+ Bedrooms | $135K | $170K | +25.9% |
Summary: 21205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 630.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 25.9%.
Housing Supply in 21205, MD
How many homes are available in 21205, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
271 | 282 | +4.1% |
Summary: The 21205 real estate market had 282 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 59 | 65 | +10.2% |
3 Bedrooms | 153 | 154 | +0.7% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 21205 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 increased by 10.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 21205 in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for 21205, MD
How long does it take to sell a home in 21205, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 28 Days | -54.6% |
Summary: Homes in 21205 had an average of 28 days on market in Mar 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 21205; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.