Is 21223, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21223 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 21223 has remained a Buyer's Market.

Key Takeaway

21223 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$4,000(-5.3%)

Key Takeaway

Homes in 21223 have sold for 5.3% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $68K$37.1K
-45.4%
2 $74.5K$67K
-10.1%
3 $70K$65K
-7.1%
4 $175K$177.9K
+1.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

21230
+4.0%
21201
-5.1%
21223
-5.3%
21217
-20.8%
21216
-26.5%

Housing Supply in 21223, MD

How many homes are available in 21223, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
653663+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

# BEDSJan 2024Feb 2024CHANGE
1 1514
-6.7%
2 166171
+3.0%
3 356362
+1.7%
4 9492
-2.1%
5+ 2224
+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 2024Feb 2024CHANGE
3915-61.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21223, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
44 Days63 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21223 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 21223, MD

Nearby Markets to 21223, MD