Is 21502, 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, 21502 has remained a Buyer's Market.
Key Takeaway
21502 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21502, MD
How much do homes in 21502, MD cost?
Median Sold Price
$135,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21502 have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in 21502 was $135,000 in March 2024, up 0.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.7K | $32.5K | -30.4% |
| 2 Bedrooms | $95K | $86K | -9.5% |
| 3 Bedrooms | $134.9K | $140K | +3.8% |
| 4 Bedrooms | $200K | $189.9K | -5.0% |
| 5+ Bedrooms | $440K | $178K | -59.5% |
Summary: 21502 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 59.5%.
Median Sold Price Compared To Nearby Zip Codes
| 21502 | $134.2K | $135K | 0.5% |
| 26753 | $220K | $199.5K | -9.3% |
Housing Supply in 21502, MD
How many homes are available in 21502, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 309 | 323 | +4.5% |
Summary: The 21502 real estate market had 323 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 56 | 55 | -1.8% |
| 3 Bedrooms | 171 | 182 | +6.4% |
| 4 Bedrooms | 50 | 53 | +6.0% |
| 5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The 21502 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 1.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21502, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 21502 in March 2024, up by 45.0% month-over-month. Of the 29 sold homes, 76% were sold under asking, 3% were sold at asking, and 21% were sold over asking.
Days on Market for 21502, MD
How long does it take to sell a home in 21502, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 64 Days | -4.7% |
Summary: Homes in 21502 had an average of 64 days on market in Mar 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21502 has remained consistent over time.
Summary: During March 2024, 29 homes were sold in 21502; 31% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
