Is 21226, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 21226 has remained a Seller's Market.
Key Takeaway
21226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21226, MD
How much do homes in 21226, MD cost?
Median Sold Price
$350,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21226 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 21226 was $350,000 in April 2024, up 7.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $96.5K | $98.4K | +2.0% |
| 3 Bedrooms | $333K | $350K | +5.1% |
| 4 Bedrooms | $366K | $392.4K | +7.2% |
| 5+ Bedrooms | $564K | $510K | -9.6% |
Summary: 21226 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 21226, MD
How many homes are available in 21226, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 44 | +37.5% |
Summary: The 21226 real estate market had 44 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 21226 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21226, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 21226 in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for 21226, MD
How long does it take to sell a home in 21226, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +118.5% |
Summary: Homes in 21226 had an average of 23 days on market in Apr 2024, up by 118.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21226 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 21226; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
