Is 21562, 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, 21562 was a Seller's Market.
Key Takeaway
21562 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21562, MD
How much do homes in 21562, MD cost?
Median Sold Price
$83,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21562 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 21562 was $83,000 in March 2024, up 7.8% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19.5K | - | N/A |
| 2 Bedrooms | $78K | $79.9K | +2.4% |
| 3 Bedrooms | $80K | $95.9K | +19.9% |
| 4 Bedrooms | $59K | $35K | -40.7% |
| 5+ Bedrooms | $32.5K | $103.7K | +219.2% |
Summary: 21562 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 19.9%, 4 bedroom homes decreased by 40.7%, and 5+ bedroom homes increased by 219.2%.
Housing Supply in 21562, MD
How many homes are available in 21562, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The 21562 real estate market had 20 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 21562 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 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21562, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 21562 in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 21562, MD
How long does it take to sell a home in 21562, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 86 Days | +4.0% |
Summary: Homes in 21562 had an average of 86 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21562 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 21562; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
