Is 21211, 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, 21211 was a Seller's Market.
Key Takeaway
21211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21211, MD
How much do homes in 21211, MD cost?
Median Sold Price
$320,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21211 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 21211 was $320,000 in March 2024, up 10.5% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.7K | $175K | +122.2% |
| 2 Bedrooms | $247.5K | $260K | +5.1% |
| 3 Bedrooms | $300K | $343K | +14.3% |
| 4 Bedrooms | $341.4K | $411K | +20.4% |
| 5+ Bedrooms | $530K | $525.5K | -0.8% |
Summary: 21211 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 21211, MD
How many homes are available in 21211, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 141 | +16.5% |
Summary: The 21211 real estate market had 141 homes for sale in March 2024, a 16.5% 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 | 36 | 42 | +16.7% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21211 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 16.7%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21211, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 21211 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for 21211, MD
How long does it take to sell a home in 21211, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 28 Days | -30.9% |
Summary: Homes in 21211 had an average of 28 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21211 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 21211; 81% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
