Is 21209, 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, 21209 has remained a Seller's Market.
Key Takeaway
21209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21209, MD
How much do homes in 21209, MD cost?
Median Sold Price
$377,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21209 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 21209 was $377,000 in April 2024, up 10.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $130K | -1.5% |
| 2 Bedrooms | $215K | $229.9K | +6.9% |
| 3 Bedrooms | $320K | $360K | +12.5% |
| 4 Bedrooms | $455K | $527.5K | +15.9% |
| 5+ Bedrooms | $700K | $722K | +3.1% |
Summary: 21209 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 21209, MD
How many homes are available in 21209, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 68 | +28.3% |
Summary: The 21209 real estate market had 68 homes for sale in April 2024, a 28.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 21209 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21209, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 21209 in April 2024, down by 27.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 21209, MD
How long does it take to sell a home in 21209, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 35 Days | +117.3% |
Summary: Homes in 21209 had an average of 35 days on market in Apr 2024, up by 117.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21209 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 21209; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
