Is 21704, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 21704 was a Seller's Market.
Housing Prices in 21704, MD
How much do homes in 21704, MD cost?
Median Sold Price
$610,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21704 was $610,000 in February 2024, up 10.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400.1K | $385K | -3.8% |
3 Bedrooms | $520K | $493.9K | -5.0% |
4 Bedrooms | $629.9K | $650K | +3.2% |
5+ Bedrooms | $895K | $862.5K | -3.6% |
Summary: 21704 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 3.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 21704, MD
How many homes are available in 21704, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The 21704 real estate market had 58 homes for sale in February 2024, a 18.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 21704 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 21704 in February 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for 21704, MD
How long does it take to sell a home in 21704, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 17 Days | -58.0% |
Summary: Homes in 21704 had an average of 17 days on market in Feb 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in 21704; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.