Is 21214, 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, 21214 was a Seller's Market.
Housing Prices in 21214, MD
How much do homes in 21214, MD cost?
Median Sold Price
$280,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21214 was $280,000 in March 2024, up 12% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $190K | $174.1K | -8.4% |
3 Bedrooms | $225K | $255K | +13.3% |
4 Bedrooms | $289.1K | $304.5K | +5.3% |
5+ Bedrooms | $325.3K | $355K | +9.1% |
Summary: 21214 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 21214, MD
How many homes are available in 21214, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 126 | 0.0% |
Summary: The 21214 real estate market had 126 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 56 | 56 | 0.0% |
4 Bedrooms | 44 | 41 | -6.8% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The 21214 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 decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 14 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 21214 in March 2024, down by 41.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for 21214, MD
How long does it take to sell a home in 21214, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 44 Days | +169.6% |
Summary: Homes in 21214 had an average of 44 days on market in Mar 2024, up by 169.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 21214; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.