Is 21221, 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, 21221 was a Seller's Market.
Key Takeaway
21221 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21221, MD
How much do homes in 21221, MD cost?
Median Sold Price
$265,106
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21221 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 21221 was $265,106 in March 2024, up 2.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $122.8K | -1.7% |
| 2 Bedrooms | $187K | $200K | +7.0% |
| 3 Bedrooms | $240K | $250K | +4.2% |
| 4 Bedrooms | $315K | $334.5K | +6.2% |
| 5+ Bedrooms | $349.9K | $375K | +7.2% |
Summary: 21221 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 21221, MD
How many homes are available in 21221, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 198 | 205 | +3.5% |
Summary: The 21221 real estate market had 205 homes for sale in March 2024, a 3.5% 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 | 26 | 25 | -3.8% |
| 3 Bedrooms | 103 | 108 | +4.9% |
| 4 Bedrooms | 59 | 60 | +1.7% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 21221 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 3.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21221, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 21221 in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 25% were sold under asking, 36% were sold at asking, and 39% were sold over asking.
Days on Market for 21221, MD
How long does it take to sell a home in 21221, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 18 Days | -64.4% |
Summary: Homes in 21221 had an average of 18 days on market in Mar 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21221 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 21221; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
