Is 21216, 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, 21216 has remained a Buyer's Market.
Housing Prices in 21216, MD
How much do homes in 21216, MD cost?
Median Sold Price
$145,263
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21216 was $145,263 in March 2024, down 11.2% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $57K | N/A |
2 Bedrooms | $83.2K | $75K | -9.9% |
3 Bedrooms | $122.1K | $95K | -22.2% |
4 Bedrooms | $229.2K | $201.5K | -12.1% |
5+ Bedrooms | $280K | $275K | -1.8% |
Summary: 21216 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 9.9%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 21216, MD
How many homes are available in 21216, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
519 | 544 | +4.8% |
Summary: The 21216 real estate market had 544 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 32 | 31 | -3.1% |
3 Bedrooms | 288 | 300 | +4.2% |
4 Bedrooms | 127 | 140 | +10.2% |
5+ Bedrooms | 72 | 73 | +1.4% |
Summary: The 21216 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 3.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 18 | -37.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 21216 in March 2024, down by 37.9% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for 21216, MD
How long does it take to sell a home in 21216, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 37 Days | -22.0% |
Summary: Homes in 21216 had an average of 37 days on market in Mar 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 21216; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.