Is 21236, 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, 21236 has remained a Seller's Market.
Key Takeaway
21236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21236, MD
How much do homes in 21236, MD cost?
Median Sold Price
$299,666
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21236 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 21236 was $299,666 in March 2024, up 3.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $175K | +10.8% |
| 2 Bedrooms | $220K | $222.1K | +1.0% |
| 3 Bedrooms | $285K | $301K | +5.6% |
| 4 Bedrooms | $370K | $412.5K | +11.5% |
| 5+ Bedrooms | $407.5K | $440K | +8.0% |
Summary: 21236 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 8%.
Housing Supply in 21236, MD
How many homes are available in 21236, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 125 | +2.5% |
Summary: The 21236 real estate market had 125 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 57 | 58 | +1.8% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 21236 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21236, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 21236 in March 2024, down by 22.2% month-over-month. Of the 21 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 21236, MD
How long does it take to sell a home in 21236, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +31.1% |
Summary: Homes in 21236 had an average of 29 days on market in Mar 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21236 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 21236; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
