Is 21218, 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, 21218 has remained a Buyer's Market.
Key Takeaway
21218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21218, MD
How much do homes in 21218, MD cost?
Median Sold Price
$215,800
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21218 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 21218 was $215,800 in March 2024, up 8.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.8K | $145K | +40.9% |
| 2 Bedrooms | $160K | $172.5K | +7.8% |
| 3 Bedrooms | $190.9K | $188.6K | -1.2% |
| 4 Bedrooms | $257K | $268K | +4.3% |
| 5+ Bedrooms | $340K | $390K | +14.7% |
Summary: 21218 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in 21218, MD
How many homes are available in 21218, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 469 | 485 | +3.4% |
Summary: The 21218 real estate market had 485 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 12 | -20.0% |
| 2 Bedrooms | 67 | 66 | -1.5% |
| 3 Bedrooms | 258 | 265 | +2.7% |
| 4 Bedrooms | 81 | 86 | +6.2% |
| 5+ Bedrooms | 48 | 56 | +16.7% |
Summary: The 21218 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21218, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 21218 in March 2024, down by 5.7% month-over-month. Of the 33 sold homes, 36% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for 21218, MD
How long does it take to sell a home in 21218, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -16.8% |
Summary: Homes in 21218 had an average of 30 days on market in Mar 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21218 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 21218; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
