Is 21774, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 21774 has remained a Buyer's Market.
Key Takeaway
21774 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21774, MD
How much do homes in 21774, MD cost?
Median Sold Price
$572,333
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21774 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 21774 was $572,333 in March 2024, up 10.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | - | N/A |
| 2 Bedrooms | $349.9K | $365K | +4.3% |
| 3 Bedrooms | $459.9K | $485K | +5.5% |
| 4 Bedrooms | $647.9K | $640K | -1.2% |
| 5+ Bedrooms | $675K | $780K | +15.6% |
Summary: 21774 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 4.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in 21774, MD
How many homes are available in 21774, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 140 | +4.5% |
Summary: The 21774 real estate market had 140 homes for sale in March 2024, a 4.5% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 40 | 39 | -2.5% |
| 4 Bedrooms | 73 | 77 | +5.5% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 21774 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 50%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21774, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 21774 in March 2024, down by 20.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for 21774, MD
How long does it take to sell a home in 21774, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -56.0% |
Summary: Homes in 21774 had an average of 6 days on market in Mar 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
16 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 21774 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 21774; 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.
