Is 21655, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21655 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 21655 was a Neutral Market.

Key Takeaway

21655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21655, MD

How much do homes in 21655, MD cost?

Median Sold Price

$315,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$45,000(+16.7%)

Key Takeaway

Homes in 21655 have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in 21655 was $315,000 in February 2024, up 16.7% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $136.5K-
N/A
2 $179.9K$137K
-23.8%
3 $270K$289K
+7.0%
4 $400K$352.8K
-11.8%
5+ $500K$1.9M
+284.5%

Summary: 21655 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 284.5%.

Median Sold Price Compared To Nearby Zip Codes

21655
+16.7%
21643
+10.8%
21629
+4.6%
21673
-3.9%

Housing Supply in 21655, MD

How many homes are available in 21655, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2320-13.0%

Summary: The 21655 real estate market had 20 homes for sale in February 2024, a 13.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1112
+9.1%
4 86
-25.0%
5+ 10
-100.0%

Summary: The 21655 housing inventory by bedroom type for February 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 increased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21655, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 21655 in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for 21655, MD

How long does it take to sell a home in 21655, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
27 Days81 Days+202.8%

Summary: Homes in 21655 had an average of 81 days on market in Feb 2024, up by 202.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 21655 has remained consistent over time.

Summary: During February 2024, 4 homes were sold in 21655; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 21655, MD

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