Is 21234, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 21234 was a Seller's Market.
Housing Prices in 21234, MD
How much do homes in 21234, MD cost?
Median Sold Price
$295,350
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21234 was $295,350 in February 2024, up 9.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $185K | $211.5K | +14.3% |
3 Bedrooms | $255K | $274K | +7.5% |
4 Bedrooms | $320K | $352.5K | +10.2% |
5+ Bedrooms | $374.5K | $380K | +1.5% |
Summary: 21234 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 21234, MD
How many homes are available in 21234, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
225 | 230 | +2.2% |
Summary: The 21234 real estate market had 230 homes for sale in February 2024, a 2.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 117 | 115 | -1.7% |
4 Bedrooms | 71 | 71 | 0.0% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The 21234 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 25 | -46.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 21234 in February 2024, down by 46.8% month-over-month. Of the 25 sold homes, 28% were sold under asking, 8% were sold at asking, and 64% were sold over asking.
Days on Market for 21234, MD
How long does it take to sell a home in 21234, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 24 Days | -50.1% |
Summary: Homes in 21234 had an average of 24 days on market in Feb 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 25 homes were sold in 21234; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.