Is 21783, 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, 21783 has remained a Buyer's Market.
Housing Prices in 21783, MD
How much do homes in 21783, MD cost?
Median Sold Price
$330,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21783 was $330,000 in March 2024, up 13.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76.1K | - | N/A |
2 Bedrooms | $247.5K | $285K | +15.2% |
3 Bedrooms | $265K | $295K | +11.3% |
4 Bedrooms | $354.9K | $412.5K | +16.2% |
5+ Bedrooms | $500K | $363.5K | -27.3% |
Summary: 21783 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 15.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Zip Codes
21783 | $290K | $330K | +13.8% |
21742 | $296.9K | $324K | +9.1% |
Housing Supply in 21783, MD
How many homes are available in 21783, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 43 | +19.4% |
Summary: The 21783 real estate market had 43 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21783 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 57.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 21783 in March 2024, down by 25.0% month-over-month. Of the 3 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -50.0% |
Summary: Homes in 21783 had an average of 19 days on market in Mar 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 21783; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.