Is 21213, 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, 21213 has remained a Buyer's Market.
Key Takeaway
21213 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21213, MD
How much do homes in 21213, MD cost?
Median Sold Price
$130,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21213 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 21213 was $130,000 in March 2024, up 0.8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $10K | $30K | +200.0% |
| 2 Bedrooms | $108.3K | $114.4K | +5.7% |
| 3 Bedrooms | $127K | $122.9K | -3.2% |
| 4 Bedrooms | $195K | $201.4K | +3.3% |
| 5+ Bedrooms | $162.5K | $215K | +32.3% |
Summary: 21213 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 32.3%.
Housing Supply in 21213, MD
How many homes are available in 21213, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 598 | 601 | +0.5% |
Summary: The 21213 real estate market had 601 homes for sale in March 2024, a 0.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 104 | 104 | 0.0% |
| 3 Bedrooms | 377 | 375 | -0.5% |
| 4 Bedrooms | 87 | 90 | +3.4% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The 21213 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 decreased by 0.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21213, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in 21213 in March 2024, down by 11.1% month-over-month. Of the 32 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for 21213, MD
How long does it take to sell a home in 21213, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 41 Days | +10.6% |
Summary: Homes in 21213 had an average of 41 days on market in Mar 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21213 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 21213; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
