Is 21601, 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, 21601 was a Neutral Market.
Housing Prices in 21601, MD
How much do homes in 21601, MD cost?
Median Sold Price
$448,665
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21601 was $448,665 in March 2024, up 17.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $210K | -30.0% |
2 Bedrooms | $307.5K | $385K | +25.2% |
3 Bedrooms | $355K | $429.9K | +21.1% |
4 Bedrooms | $484.5K | $525K | +8.4% |
5+ Bedrooms | $1.9M | $877.5K | -53.8% |
Summary: 21601 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Zip Codes
21601 | $382K | $448.6K | +17.5% |
21663 | $660K | $745K | +12.9% |
Housing Supply in 21601, MD
How many homes are available in 21601, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 163 | +3.2% |
Summary: The 21601 real estate market had 163 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 72 | 72 | 0.0% |
4 Bedrooms | 42 | 42 | 0.0% |
5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 21601 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 21601 in March 2024, the same as the previous month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 21601, MD
How long does it take to sell a home in 21601, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 24 Days | -38.0% |
Summary: Homes in 21601 had an average of 24 days on market in Mar 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 21601; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.