Is 21620, 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, 21620 was a Seller's Market.
Key Takeaway
21620 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21620, MD
How much do homes in 21620, MD cost?
Median Sold Price
$328,045
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21620 have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in 21620 was $328,045 in March 2024, down 12.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | - | N/A |
| 2 Bedrooms | $252.5K | $300K | +18.8% |
| 3 Bedrooms | $330K | $309.9K | -6.1% |
| 4 Bedrooms | $435.5K | $338.9K | -22.2% |
| 5+ Bedrooms | $477.5K | $345K | -27.7% |
Summary: 21620 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 18.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Zip Codes
| 21661 | $253.5K | $296.2K | +16.9% |
| 21620 | $373K | $328K | -12.1% |
| 21678 | $445K | $263.5K | -40.8% |
Housing Supply in 21620, MD
How many homes are available in 21620, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 83 | 88 | +6.0% |
Summary: The 21620 real estate market had 88 homes for sale in March 2024, a 6.0% 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 | 11 | 14 | +27.3% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 21620 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 increased by 27.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21620, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 21620 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 21620, MD
How long does it take to sell a home in 21620, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 31 Days | -31.1% |
Summary: Homes in 21620 had an average of 31 days on market in Mar 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21620 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 21620; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
