Is 21244, 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, 21244 was a Seller's Market.
Housing Prices in 21244, MD
How much do homes in 21244, MD cost?
Median Sold Price
$312,250
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21244 was $312,250 in March 2024, up 11.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237K | $209.5K | -11.6% |
3 Bedrooms | $270K | $305.5K | +13.1% |
4 Bedrooms | $336.2K | $360K | +7.1% |
5+ Bedrooms | $405.5K | $360K | -11.2% |
Summary: 21244 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 decreased by 11.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in 21244, MD
How many homes are available in 21244, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 117 | -1.7% |
Summary: The 21244 real estate market had 117 homes for sale in March 2024, a 1.7% decrease 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 | 11 | 9 | -18.2% |
3 Bedrooms | 57 | 54 | -5.3% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 21244 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 decreased by 18.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 21244 in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for 21244, MD
How long does it take to sell a home in 21244, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 21 Days | -27.9% |
Summary: Homes in 21244 had an average of 21 days on market in Mar 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 21244; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.