Is 21740, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21740 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 21740 was a Neutral Market.

Key Takeaway

21740 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$39,486(+15.8%)

Key Takeaway

Homes in 21740 have sold for 15.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $127.5K$120K
-5.9%
2 $192K$211K
+9.9%
3 $240.8K$285K
+18.3%
4 $320K$393.4K
+23.0%
5+ $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
+15.8%
21742
+9.3%

Housing Supply in 21740, MD

How many homes are available in 21740, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
350358+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 5150
-2.0%
3 171176
+2.9%
4 9596
+1.1%
5+ 3134
+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 2024Feb 2024CHANGE
4034-15.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21740, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
34 Days44 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21740 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 21740, MD

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