Is 21228, 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, 21228 has remained a Seller's Market.
Key Takeaway
21228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21228, MD
How much do homes in 21228, MD cost?
Median Sold Price
$400,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21228 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 21228 was $400,000 in April 2024, up 5.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.4K | - | N/A |
| 2 Bedrooms | $263.7K | $278K | +5.4% |
| 3 Bedrooms | $347.5K | $352.5K | +1.4% |
| 4 Bedrooms | $439.2K | $445K | +1.3% |
| 5+ Bedrooms | $594.9K | $525K | -11.8% |
Summary: 21228 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 5.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in 21228, MD
How many homes are available in 21228, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 | 102 | +7.4% |
Summary: The 21228 real estate market had 102 homes for sale in April 2024, a 7.4% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 52 | 50 | -3.8% |
| 4 Bedrooms | 26 | 35 | +34.6% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 21228 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 decreased by 3.8%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21228, you could pay more than the asking price. 65.8% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 21228 in April 2024, up by 8.6% month-over-month. Of the 38 sold homes, 8% were sold under asking, 26% were sold at asking, and 66% were sold over asking.
Days on Market for 21228, MD
How long does it take to sell a home in 21228, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -49.2% |
Summary: Homes in 21228 had an average of 6 days on market in Apr 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21228 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in 21228; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
