Is 21771, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21771 was a Seller's Market.
Key Takeaway
21771 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21771, MD
How much do homes in 21771, MD cost?
Median Sold Price
$570,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21771 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 21771 was $570,000 in March 2024, down 3.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $378.5K | +24.1% |
| 3 Bedrooms | $430.5K | $477.5K | +10.9% |
| 4 Bedrooms | $645.4K | $650K | +0.7% |
| 5+ Bedrooms | $772.5K | $840K | +8.7% |
Summary: 21771 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in 21771, MD
How many homes are available in 21771, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 123 | +8.8% |
Summary: The 21771 real estate market had 123 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 51 | 53 | +3.9% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The 21771 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21771, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 21771 in March 2024, down by 13.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for 21771, MD
How long does it take to sell a home in 21771, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 9 Days | -62.4% |
Summary: Homes in 21771 had an average of 9 days on market in Mar 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
13 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 21771 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 21771; 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.
