Is 21742, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 21742 has remained a Seller's Market.
Key Takeaway
21742 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21742, MD
How much do homes in 21742, MD cost?
Median Sold Price
$324,612
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21742 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 21742 was $324,612 in April 2024, up 6.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $235K | $243K | +3.4% |
| 3 Bedrooms | $280K | $310K | +10.7% |
| 4 Bedrooms | $387.5K | $388.2K | 0.2% |
| 5+ Bedrooms | $455K | $480K | +5.5% |
Summary: 21742 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 21742, MD
How many homes are available in 21742, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 118 | +15.7% |
Summary: The 21742 real estate market had 118 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 49 | 47 | -4.1% |
| 4 Bedrooms | 18 | 33 | +83.3% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The 21742 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21742, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 21742 in April 2024, the same as the previous month. Of the 27 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.
Days on Market for 21742, MD
How long does it take to sell a home in 21742, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 56 Days | +56.7% |
Summary: Homes in 21742 had an average of 56 days on market in Apr 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21742 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in 21742; 44% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
