Is 21212, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 21212 has remained a Buyer's Market.
Housing Prices in 21212, MD
How much do homes in 21212, MD cost?
Median Sold Price
$365,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21212 was $365,000 in February 2024, up 4.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.2K | $150K | +10.1% |
2 Bedrooms | $154.9K | $180K | +16.2% |
3 Bedrooms | $327.5K | $336.7K | +2.8% |
4 Bedrooms | $422K | $490K | +16.1% |
5+ Bedrooms | $675K | $682.5K | +1.1% |
Summary: 21212 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 21212, MD
How many homes are available in 21212, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
213 | 235 | +10.3% |
Summary: The 21212 real estate market had 235 homes for sale in February 2024, a 10.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 112 | 117 | +4.5% |
4 Bedrooms | 57 | 61 | +7.0% |
5+ Bedrooms | 15 | 27 | +80.0% |
Summary: The 21212 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 21212 in February 2024, up by 44.4% month-over-month. Of the 26 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for 21212, MD
How long does it take to sell a home in 21212, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 37 Days | -0.5% |
Summary: Homes in 21212 had an average of 37 days on market in Feb 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 26 homes were sold in 21212; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.