Is 21231, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21231 was a Neutral Market.
Housing Prices in 21231, MD
How much do homes in 21231, MD cost?
Median Sold Price
$306,666
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21231 was $306,666 in March 2024, up 2.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $205K | +2.5% |
2 Bedrooms | $250K | $260K | +4.0% |
3 Bedrooms | $342.5K | $350K | +2.2% |
4 Bedrooms | $467.7K | $424.5K | -9.2% |
5+ Bedrooms | $546.2K | $760K | +39.1% |
Summary: 21231 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 39.1%.
Housing Supply in 21231, MD
How many homes are available in 21231, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
180 | 197 | +9.4% |
Summary: The 21231 real estate market had 197 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 62 | 68 | +9.7% |
3 Bedrooms | 67 | 72 | +7.5% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 21231 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 21231 in March 2024, up by 50.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% were sold over asking.
Days on Market for 21231, MD
How long does it take to sell a home in 21231, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 34 Days | +13.1% |
Summary: Homes in 21231 had an average of 34 days on market in Mar 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 21231; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.