Is 21703, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 21703 has remained a Seller's Market.
Key Takeaway
21703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21703, MD
How much do homes in 21703, MD cost?
Median Sold Price
$390,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 21703 has remained the same since last year.
Summary: The median home sold price in 21703 was $390,000 in March 2024, up 0.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $273.5K | $295K | +7.9% |
| 3 Bedrooms | $382.7K | $386.1K | +0.9% |
| 4 Bedrooms | $485K | $510K | +5.2% |
| 5+ Bedrooms | $576.4K | $670K | +16.2% |
Summary: 21703 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 7.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 21703, MD
How many homes are available in 21703, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 196 | 210 | +7.1% |
Summary: The 21703 real estate market had 210 homes for sale in March 2024, a 7.1% 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 | 27 | 26 | -3.7% |
| 3 Bedrooms | 112 | 125 | +11.6% |
| 4 Bedrooms | 44 | 46 | +4.5% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 21703 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 3.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 39 | +85.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21703, you could pay more than the asking price. 56.4% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in 21703 in March 2024, up by 85.7% month-over-month. Of the 39 sold homes, 23% were sold under asking, 21% were sold at asking, and 56% were sold over asking.
Days on Market for 21703, MD
How long does it take to sell a home in 21703, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 10 Days | -69.8% |
Summary: Homes in 21703 had an average of 10 days on market in Mar 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21703 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 39 homes were sold in 21703; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
