Is 21223, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 21223 has remained a Buyer's Market.
Housing Prices in 21223, MD
How much do homes in 21223, MD cost?
Median Sold Price
$71,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21223 was $71,000 in February 2024, down 5.3% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $37.1K | -45.4% |
2 Bedrooms | $74.5K | $67K | -10.1% |
3 Bedrooms | $70K | $65K | -7.1% |
4 Bedrooms | $175K | $177.9K | +1.7% |
5+ Bedrooms | $176K | $113.2K | -35.6% |
Summary: 21223 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.4%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 35.6%.
Housing Supply in 21223, MD
How many homes are available in 21223, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
653 | 663 | +1.5% |
Summary: The 21223 real estate market had 663 homes for sale in February 2024, a 1.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 166 | 171 | +3.0% |
3 Bedrooms | 356 | 362 | +1.7% |
4 Bedrooms | 94 | 92 | -2.1% |
5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The 21223 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 15 | -61.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 21223 in February 2024, down by 61.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for 21223, MD
How long does it take to sell a home in 21223, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 63 Days | +42.4% |
Summary: Homes in 21223 had an average of 63 days on market in Feb 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in 21223; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.