Is 21784, 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, 21784 has remained a Seller's Market.
Key Takeaway
21784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21784, MD
How much do homes in 21784, MD cost?
Median Sold Price
$479,950
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21784 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 21784 was $479,950 in March 2024, up 0.9% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $200K | +25.0% |
| 2 Bedrooms | $257K | $275K | +7.0% |
| 3 Bedrooms | $430K | $420K | -2.3% |
| 4 Bedrooms | $560K | $619K | +10.5% |
| 5+ Bedrooms | $718.7K | $755K | +5.0% |
Summary: 21784 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Zip Codes
| 21048 | $440K | $545.4K | +24.0% |
| 21104 | $700K | $717.5K | +2.5% |
| 21784 | $475.6K | $479.9K | +0.9% |
Housing Supply in 21784, MD
How many homes are available in 21784, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 110 | +18.3% |
Summary: The 21784 real estate market had 110 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The 21784 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21784, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 21784 in March 2024, up by 20.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for 21784, MD
How long does it take to sell a home in 21784, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +53.9% |
Summary: Homes in 21784 had an average of 21 days on market in Mar 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21784 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 21784; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
