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.
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
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
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
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.