Is 21286, 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, 21286 has remained a Buyer's Market.
Key Takeaway
21286 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21286, MD
How much do homes in 21286, MD cost?
Median Sold Price
$355,666
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21286 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 21286 was $355,666 in March 2024, up 1.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $165.5K | -21.2% |
| 2 Bedrooms | $221.5K | $236K | +6.5% |
| 3 Bedrooms | $319K | $328.5K | +3.0% |
| 4 Bedrooms | $598.4K | $579.5K | -3.2% |
| 5+ Bedrooms | $630K | $690K | +9.5% |
Summary: 21286 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 21286, MD
How many homes are available in 21286, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 85 | -3.4% |
Summary: The 21286 real estate market had 85 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 34 | 29 | -14.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 21286 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 increased by 25%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 9 | -55.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21286, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 21286 in March 2024, down by 55.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 21286, MD
How long does it take to sell a home in 21286, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 21 Days | +187.8% |
Summary: Homes in 21286 had an average of 21 days on market in Mar 2024, up by 187.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21286 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 21286; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
