Is 21727, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 21727 has remained a Buyer's Market.
Key Takeaway
21727 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21727, MD
How much do homes in 21727, MD cost?
Median Sold Price
$540,000
$125/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 21727 have sold for 26.6% more than they did a month ago.
Summary: The median home sold price in 21727 was $540,000 in March 2024, up 26.6% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $292K | - | N/A |
| 4 Bedrooms | $561K | $540K | -3.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 21727 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 21727 | $426.5K | $540K | +26.6% |
| 21757 | $827K | $155K | -81.3% |
Housing Supply in 21727, MD
How many homes are available in 21727, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 21727 real estate market had 20 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21727 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21727, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 21727 in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 21727, MD
How long does it take to sell a home in 21727, MD?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -40.0% |
Summary: Homes in 21727 had an average of 4 days on market in Mar 2024, down by 40% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21727 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 21727; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
