Is 21702, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 21702 has remained a Seller's Market.
Key Takeaway
21702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21702, MD
How much do homes in 21702, MD cost?
Median Sold Price
$438,821
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21702 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 21702 was $438,821 in April 2024, up 5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.5K | $300K | +68.1% |
| 2 Bedrooms | $250K | $260K | +4.0% |
| 3 Bedrooms | $402.5K | $421.6K | +4.7% |
| 4 Bedrooms | $500K | $469K | -6.2% |
| 5+ Bedrooms | $635K | $675K | +6.3% |
Summary: 21702 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 21702, MD
How many homes are available in 21702, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 143 | 156 | +9.1% |
Summary: The 21702 real estate market had 156 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 53 | 63 | +18.9% |
| 4 Bedrooms | 51 | 52 | +2.0% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 21702 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21702, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in 21702 in April 2024, up by 4.3% month-over-month. Of the 48 sold homes, 17% were sold under asking, 23% were sold at asking, and 60% were sold over asking.
Days on Market for 21702, MD
How long does it take to sell a home in 21702, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +32.3% |
Summary: Homes in 21702 had an average of 16 days on market in Apr 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21702 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in 21702; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
