Is 21550, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 21550 has remained a Buyer's Market.
Housing Prices in 21550, MD
How much do homes in 21550, MD cost?
Median Sold Price
$355,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21550 was $355,900 in February 2024, up 11.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.7K | $280K | +44.5% |
2 Bedrooms | $240K | $207.5K | -13.5% |
3 Bedrooms | $292.5K | $276K | -5.6% |
4 Bedrooms | $635K | $575K | -9.4% |
5+ Bedrooms | $725K | $610K | -15.9% |
Summary: 21550 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.5%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in 21550, MD
How many homes are available in 21550, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
132 | 134 | +1.5% |
Summary: The 21550 real estate market had 134 homes for sale in February 2024, a 1.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 56 | 52 | -7.1% |
4 Bedrooms | 27 | 26 | -3.7% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The 21550 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 21550 in February 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 21550, MD
How long does it take to sell a home in 21550, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
68 Days | 66 Days | -3.4% |
Summary: Homes in 21550 had an average of 66 days on market in Feb 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 21550; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.