Is 21716, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 21716 has remained a Buyer's Market.
Housing Prices in 21716, MD
How much do homes in 21716, MD cost?
Median Sold Price
$390,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21716 was $390,000 in February 2024, up 6.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $255K | $257.5K | +1.0% |
3 Bedrooms | $315K | $322.5K | +2.4% |
4 Bedrooms | $476.4K | $452.4K | -5.0% |
5+ Bedrooms | $640K | $630K | -1.6% |
Summary: 21716 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 increased by 1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 21716, MD
How many homes are available in 21716, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
51 | 60 | +17.6% |
Summary: The 21716 real estate market had 60 homes for sale in February 2024, a 17.6% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 21716 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 8.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 21716 in February 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 21716, MD
How long does it take to sell a home in 21716, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 13 Days | +116.7% |
Summary: Homes in 21716 had an average of 13 days on market in Feb 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
4 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, 6 homes were sold in 21716; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.