Is 21740, 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, 21740 was a Neutral Market.
Housing Prices in 21740, MD
How much do homes in 21740, MD cost?
Median Sold Price
$289,486
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 21740 was $289,486 in February 2024, up 15.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $120K | -5.9% |
2 Bedrooms | $192K | $211K | +9.9% |
3 Bedrooms | $240.8K | $285K | +18.3% |
4 Bedrooms | $320K | $393.4K | +23.0% |
5+ Bedrooms | $365K | $420K | +15.1% |
Summary: 21740 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Zip Codes
21740 | $250K | $289.4K | +15.8% |
21742 | $295.4K | $323K | +9.3% |
Housing Supply in 21740, MD
How many homes are available in 21740, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
350 | 358 | +2.3% |
Summary: The 21740 real estate market had 358 homes for sale in February 2024, a 2.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 51 | 50 | -2.0% |
3 Bedrooms | 171 | 176 | +2.9% |
4 Bedrooms | 95 | 96 | +1.1% |
5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The 21740 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 decreased by 2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
40 | 34 | -15.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 21740 in February 2024, down by 15.0% month-over-month. Of the 34 sold homes, 35% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 21740, MD
How long does it take to sell a home in 21740, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +29.8% |
Summary: Homes in 21740 had an average of 44 days on market in Feb 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 34 homes were sold in 21740; 68% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.