Is 21227, 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, 21227 has remained a Seller's Market.
Housing Prices in 21227, MD
How much do homes in 21227, MD cost?
Median Sold Price
$300,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21227 was $300,000 in March 2024, up 6.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $201K | $173K | -13.9% |
2 Bedrooms | $220K | $236.5K | +7.5% |
3 Bedrooms | $275K | $291.6K | +6.1% |
4 Bedrooms | $345.2K | $338.7K | -1.9% |
5+ Bedrooms | $380K | $375K | -1.3% |
Summary: 21227 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 21227, MD
How many homes are available in 21227, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 98 | +3.2% |
Summary: The 21227 real estate market had 98 homes for sale in March 2024, a 3.2% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 52 | 57 | +9.6% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 21227 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 remained the same, 3 bedroom homes increased by 9.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 21227 in March 2024, up by 4.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for 21227, MD
How long does it take to sell a home in 21227, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 26 Days | +49.0% |
Summary: Homes in 21227 had an average of 26 days on market in Mar 2024, up by 49% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 21227; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.