Is 21401, 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, 21401 has remained a Seller's Market.
Housing Prices in 21401, MD
How much do homes in 21401, MD cost?
Median Sold Price
$618,628
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21401 was $618,628 in March 2024, up 9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359.4K | $456K | +26.9% |
2 Bedrooms | $406.3K | $432.5K | +6.4% |
3 Bedrooms | $560K | $582K | +3.9% |
4 Bedrooms | $736.7K | $850K | +15.4% |
5+ Bedrooms | $895K | $1.0M | +20.1% |
Summary: 21401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20.1%.
Housing Supply in 21401, MD
How many homes are available in 21401, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
211 | 220 | +4.3% |
Summary: The 21401 real estate market had 220 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 75 | 74 | -1.3% |
3 Bedrooms | 53 | 59 | +11.3% |
4 Bedrooms | 48 | 54 | +12.5% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The 21401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 38 | +5.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 21401 in March 2024, up by 5.6% month-over-month. Of the 38 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for 21401, MD
How long does it take to sell a home in 21401, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 22 Days | -31.8% |
Summary: Homes in 21401 had an average of 22 days on market in Mar 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 21401; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.