Is 21206, 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, 21206 has remained a Seller's Market.
Key Takeaway
21206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21206, MD
How much do homes in 21206, MD cost?
Median Sold Price
$235,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21206 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 21206 was $235,000 in April 2024, up 7.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $168K | +5.0% |
| 3 Bedrooms | $202K | $219.3K | +8.6% |
| 4 Bedrooms | $275K | $275K | 0.0% |
| 5+ Bedrooms | $315K | $356.5K | +13.2% |
Summary: 21206 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 5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.2%.
Housing Supply in 21206, MD
How many homes are available in 21206, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 141 | -13.0% |
Summary: The 21206 real estate market had 141 homes for sale in April 2024, a 13.0% 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 | 13 | 13 | 0.0% |
| 3 Bedrooms | 88 | 78 | -11.4% |
| 4 Bedrooms | 45 | 37 | -17.8% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 21206 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 remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 31 | -31.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21206, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 21206 in April 2024, down by 31.1% month-over-month. Of the 31 sold homes, 23% were sold under asking, 32% were sold at asking, and 45% were sold over asking.
Days on Market for 21206, MD
How long does it take to sell a home in 21206, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -37.6% |
Summary: Homes in 21206 had an average of 20 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21206 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 21206; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
