Is 21224, 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, 21224 has remained a Buyer's Market.
Key Takeaway
21224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21224, MD
How much do homes in 21224, MD cost?
Median Sold Price
$299,854
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21224 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 21224 was $299,854 in March 2024, up 4.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $230K | +21.1% |
| 2 Bedrooms | $246.3K | $265.1K | +7.6% |
| 3 Bedrooms | $315K | $311.3K | -1.1% |
| 4 Bedrooms | $438K | $461K | +5.3% |
| 5+ Bedrooms | $350K | $385K | +10.0% |
Summary: 21224 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 10%.
Housing Supply in 21224, MD
How many homes are available in 21224, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 592 | 623 | +5.2% |
Summary: The 21224 real estate market had 623 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 202 | 205 | +1.5% |
| 3 Bedrooms | 281 | 296 | +5.3% |
| 4 Bedrooms | 82 | 95 | +15.9% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 21224 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21224, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 60 homes were sold or pending in 21224 in March 2024, down by 11.8% month-over-month. Of the 60 sold homes, 25% were sold under asking, 27% were sold at asking, and 48% were sold over asking.
Days on Market for 21224, MD
How long does it take to sell a home in 21224, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -10.1% |
Summary: Homes in 21224 had an average of 31 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21224 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 60 homes were sold in 21224; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
