Is 21230, 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, 21230 has remained a Buyer's Market.
Housing Prices in 21230, MD
How much do homes in 21230, MD cost?
Median Sold Price
$316,450
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21230 was $316,450 in March 2024, up 5.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $205K | +5.1% |
2 Bedrooms | $263.5K | $270.5K | +2.7% |
3 Bedrooms | $334.5K | $357.5K | +6.9% |
4 Bedrooms | $517.5K | $470K | -9.2% |
5+ Bedrooms | $418.5K | $521K | +24.5% |
Summary: 21230 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 24.5%.
Housing Supply in 21230, MD
How many homes are available in 21230, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
566 | 580 | +2.5% |
Summary: The 21230 real estate market had 580 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 46 | +2.2% |
2 Bedrooms | 233 | 240 | +3.0% |
3 Bedrooms | 195 | 197 | +1.0% |
4 Bedrooms | 79 | 80 | +1.3% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 21230 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 53 | -10.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 21230 in March 2024, down by 10.2% month-over-month. Of the 53 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for 21230, MD
How long does it take to sell a home in 21230, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 37 Days | -22.9% |
Summary: Homes in 21230 had an average of 37 days on market in Mar 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in 21230; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.