Is 21229, 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, 21229 has remained a Buyer's Market.
Key Takeaway
21229 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21229, MD
How much do homes in 21229, MD cost?
Median Sold Price
$195,433
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 21229 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | - | N/A |
| 2 Bedrooms | $151.5K | $155K | +2.3% |
| 3 Bedrooms | $189K | $180K | -4.8% |
| 4 Bedrooms | $220K | $235K | +6.8% |
| 5+ Bedrooms | $295K | $300K | +1.7% |
Summary: 21229 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 21229, MD
How many homes are available in 21229, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 388 | 406 | +4.6% |
Summary: The 21229 real estate market had 406 homes for sale in March 2024, a 4.6% 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 | 34 | 38 | +11.8% |
| 3 Bedrooms | 232 | 246 | +6.0% |
| 4 Bedrooms | 90 | 93 | +3.3% |
| 5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The 21229 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 increased by 11.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21229, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 21229 in March 2024, up by 21.2% month-over-month. Of the 40 sold homes, 53% were sold under asking, 18% were sold at asking, and 30% were sold over asking.
Days on Market for 21229, MD
How long does it take to sell a home in 21229, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +14.7% |
Summary: Homes in 21229 had an average of 34 days on market in Mar 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21229 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 21229; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
