Is 21661, 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, 21661 was a Seller's Market.
Key Takeaway
21661 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21661, MD
How much do homes in 21661, MD cost?
Median Sold Price
$296,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21661 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 21661 was $296,250 in March 2024, up 16.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $70K | +7.7% |
| 2 Bedrooms | $235K | $200K | -14.9% |
| 3 Bedrooms | $277K | $310K | +11.9% |
| 4 Bedrooms | $370K | $322.4K | -12.9% |
| 5+ Bedrooms | - | $880K | N/A |
Summary: 21661 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.
Housing Supply in 21661, MD
How many homes are available in 21661, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Summary: The 21661 real estate market had 33 homes for sale in March 2024, a 22.2% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 21661 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 42.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21661, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 21661 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 21661, MD
How long does it take to sell a home in 21661, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 79 Days | +32.4% |
Summary: Homes in 21661 had an average of 79 days on market in Mar 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21661 has remained consistent over time.
Summary: During March 2024, 1 homes were sold in 21661; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
