Is 21782, 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, 21782 has remained a Seller's Market.
Key Takeaway
21782 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21782, MD
How much do homes in 21782, MD cost?
Median Sold Price
$340,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21782 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 21782 was $340,000 in March 2024, up 3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $89.9K | -71.2% |
| 2 Bedrooms | $217.5K | $172.5K | -20.7% |
| 3 Bedrooms | $327.5K | $320.5K | -2.1% |
| 4 Bedrooms | $382.5K | $480K | +25.5% |
| 5+ Bedrooms | $371.2K | $880K | +137.0% |
Summary: 21782 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.2%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 137%.
Housing Supply in 21782, MD
How many homes are available in 21782, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The 21782 real estate market had 18 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 21782 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21782, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 21782 in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 21782, MD
How long does it take to sell a home in 21782, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 9 Days | -85.0% |
Summary: Homes in 21782 had an average of 9 days on market in Mar 2024, down by 85% compared to last year.
Breakdown of Home Sale Times
4 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 21782 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 21782; 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.
