Is 21212, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21212 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 21212 has remained a Buyer's Market.

Key Takeaway

21212 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$15,000(+4.3%)

Key Takeaway

Homes in 21212 have sold for 4.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $136.2K$150K
+10.1%
2 $154.9K$180K
+16.2%
3 $327.5K$336.7K
+2.8%
4 $422K$490K
+16.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

21210
+32.9%
21204
+12.8%
21218
+6.5%
21212
+4.3%
21239
+2.9%

Housing Supply in 21212, MD

How many homes are available in 21212, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
213235+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2728
+3.7%
3 112117
+4.5%
4 5761
+7.0%
5+ 1527
+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 2024Feb 2024CHANGE
1826+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21212, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
37 Days37 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21212 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 21212, MD

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