Is 21217, 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, 21217 has remained a Buyer's Market.
Key Takeaway
21217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21217, MD
How much do homes in 21217, MD cost?
Median Sold Price
$95,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21217 have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in 21217 was $95,000 in March 2024, down 17.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $147.5K | +40.5% |
| 2 Bedrooms | $64K | $50K | -21.9% |
| 3 Bedrooms | $77K | $73K | -5.2% |
| 4 Bedrooms | $209K | $144.9K | -30.6% |
| 5+ Bedrooms | $282.4K | $225K | -20.3% |
Summary: 21217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in 21217, MD
How many homes are available in 21217, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 553 | 562 | +1.6% |
Summary: The 21217 real estate market had 562 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 85 | 90 | +5.9% |
| 3 Bedrooms | 262 | 253 | -3.4% |
| 4 Bedrooms | 122 | 129 | +5.7% |
| 5+ Bedrooms | 81 | 87 | +7.4% |
Summary: The 21217 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 increased by 5.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21217, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 21217 in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.
Days on Market for 21217, MD
How long does it take to sell a home in 21217, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 88 Days | +83.1% |
Summary: Homes in 21217 had an average of 88 days on market in Mar 2024, up by 83.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 21217 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 20 homes were sold in 21217; 25% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
