Is 21403, 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, 21403 has remained a Seller's Market.
Housing Prices in 21403, MD
How much do homes in 21403, MD cost?
Median Sold Price
$570,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21403 was $570,000 in March 2024, up 3.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218.6K | $257.5K | +17.8% |
2 Bedrooms | $375K | $390K | +4.0% |
3 Bedrooms | $525K | $500K | -4.8% |
4 Bedrooms | $640K | $725K | +13.3% |
5+ Bedrooms | $815K | $1.7M | +120.7% |
Summary: 21403 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 120.7%.
Housing Supply in 21403, MD
How many homes are available in 21403, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
187 | 196 | +4.8% |
Summary: The 21403 real estate market had 196 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 43 | 42 | -2.3% |
3 Bedrooms | 63 | 58 | -7.9% |
4 Bedrooms | 56 | 63 | +12.5% |
5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The 21403 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 2.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 38 | +52.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 21403 in March 2024, up by 52.0% month-over-month. Of the 38 sold homes, 29% were sold under asking, 34% were sold at asking, and 37% were sold over asking.
Days on Market for 21403, MD
How long does it take to sell a home in 21403, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 18 Days | -42.1% |
Summary: Homes in 21403 had an average of 18 days on market in Mar 2024, down by 42.1% 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 21403; 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.