Is 21638, 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, 21638 was a Buyer's Market.
Housing Prices in 21638, MD
How much do homes in 21638, MD cost?
Median Sold Price
$562,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21638 was $562,500 in March 2024, up 2.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $106K | N/A |
2 Bedrooms | $275K | $377.5K | +37.3% |
3 Bedrooms | $457K | $450K | -1.5% |
4 Bedrooms | $567.5K | $715K | +26.0% |
5+ Bedrooms | $809.5K | $652.5K | -19.4% |
Summary: 21638 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 37.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 26%, and 5+ bedroom homes decreased by 19.4%.
Housing Supply in 21638, MD
How many homes are available in 21638, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 40 | -2.4% |
Summary: The 21638 real estate market had 40 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 21638 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 21638 in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for 21638, MD
How long does it take to sell a home in 21638, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 34 Days | -45.7% |
Summary: Homes in 21638 had an average of 34 days on market in Mar 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 21638; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.