Is 21541, 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, 21541 was a Neutral Market.
Key Takeaway
21541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21541, MD
How much do homes in 21541, MD cost?
Median Sold Price
$694,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21541 have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in 21541 was $694,500 in March 2024, up 15.8% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46K | $40.5K | -12.0% |
| 2 Bedrooms | $333.5K | $376.2K | +12.8% |
| 3 Bedrooms | $411K | $433.7K | +5.5% |
| 4 Bedrooms | $759K | $868K | +14.4% |
| 5+ Bedrooms | $1.0M | $1.0M | -0.5% |
Summary: 21541 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 21541, MD
How many homes are available in 21541, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 104 | +8.3% |
Summary: The 21541 real estate market had 104 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 48 | 55 | +14.6% |
Summary: The 21541 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21541, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 21541 in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 21541, MD
How long does it take to sell a home in 21541, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 110 Days | 21 Days | -81.1% |
Summary: Homes in 21541 had an average of 21 days on market in Mar 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21541 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 21541; 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.
