Is 21783, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 21783 was a Neutral Market.
Key Takeaway
21783 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21783, MD
How much do homes in 21783, MD cost?
Median Sold Price
$330,600
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 21783 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 21783 was $330,600 in April 2024, up 14.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.1K | - | N/A |
| 2 Bedrooms | $247.5K | $285K | +15.2% |
| 3 Bedrooms | $265K | $296K | +11.7% |
| 4 Bedrooms | $349.9K | $412.5K | +17.9% |
| 5+ Bedrooms | $500K | $363.5K | -27.3% |
Summary: 21783 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 15.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Zip Codes
| 21783 | $289.5K | $330.6K | +14.2% |
| 21742 | $305K | $324.6K | +6.4% |
Housing Supply in 21783, MD
How many homes are available in 21783, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Summary: The 21783 real estate market had 21 homes for sale in April 2024, a 40.0% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 21783 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21783, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 21783 in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 21783, MD
How long does it take to sell a home in 21783, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 2 Days | -77.8% |
Summary: Homes in 21783 had an average of 2 days on market in Apr 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21783 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 21783; 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.
