Is 21654, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 21654 has remained a Buyer's Market.
Key Takeaway
21654 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21654, MD
How much do homes in 21654, MD cost?
Median Sold Price
$977,500
$354/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 21654 have sold for 26.1% more than they did a month ago.
Summary: The median home sold price in 21654 was $977,500 in March 2024, up 26.1% from last month, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $460K | N/A |
| 3 Bedrooms | $775K | - | N/A |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 21654 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 21654, MD
How many homes are available in 21654, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The 21654 real estate market had 27 homes for sale in March 2024, a 3.8% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 21654 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21654, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 21654 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 21654, MD
How long does it take to sell a home in 21654, MD?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 55 Days | +1733.3% |
Summary: Homes in 21654 had an average of 55 days on market in Mar 2024, up by 1733.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21654 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 21654; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
