Is 21207, 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, 21207 has remained a Seller's Market.
Key Takeaway
21207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21207, MD
How much do homes in 21207, MD cost?
Median Sold Price
$290,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21207 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 21207 was $290,000 in March 2024, up 4.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $192.5K | $206K | +7.0% |
| 3 Bedrooms | $250K | $263.7K | +5.5% |
| 4 Bedrooms | $300K | $325.3K | +8.5% |
| 5+ Bedrooms | $350K | $380K | +8.6% |
Summary: 21207 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 21207, MD
How many homes are available in 21207, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 194 | 203 | +4.6% |
Summary: The 21207 real estate market had 203 homes for sale in March 2024, a 4.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 78 | 83 | +6.4% |
| 4 Bedrooms | 50 | 45 | -10.0% |
| 5+ Bedrooms | 53 | 61 | +15.1% |
Summary: The 21207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 35 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21207, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 21207 in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 11% were sold under asking, 26% were sold at asking, and 63% were sold over asking.
Days on Market for 21207, MD
How long does it take to sell a home in 21207, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 18 Days | -18.6% |
Summary: Homes in 21207 had an average of 18 days on market in Mar 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21207 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 21207; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
