Is 21788, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 21788 was a Seller's Market.
Key Takeaway
21788 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21788, MD
How much do homes in 21788, MD cost?
Median Sold Price
$375,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21788 have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in 21788 was $375,000 in March 2024, up 15.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $304.1K | +24.1% |
| 3 Bedrooms | $324.5K | $335K | +3.2% |
| 4 Bedrooms | $390K | $460.5K | +18.1% |
| 5+ Bedrooms | $390K | $400K | +2.6% |
Summary: 21788 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 24.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Zip Codes
| 21788 | $325K | $375K | +15.4% |
| 21702 | $424.9K | $434.9K | +2.4% |
Housing Supply in 21788, MD
How many homes are available in 21788, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Summary: The 21788 real estate market had 52 homes for sale in March 2024, a 11.9% decrease 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 21788 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 decreased by 33.3%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21788, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 21788 in March 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 21788, MD
How long does it take to sell a home in 21788, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 9 Days | -76.7% |
Summary: Homes in 21788 had an average of 9 days on market in Mar 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
5 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 21788 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 21788; 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.
