Is 21791, 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, 21791 was a Buyer's Market.
Key Takeaway
21791 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21791, MD
How much do homes in 21791, MD cost?
Median Sold Price
$367,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21791 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 21791 was $367,500 in March 2024, up 9.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $212.4K | $290.6K | +36.8% |
| 3 Bedrooms | $350K | $367.5K | +5.0% |
| 4 Bedrooms | $350K | $370K | +5.7% |
| 5+ Bedrooms | $291.5K | $545K | +87.0% |
Summary: 21791 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 36.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 87%.
Housing Supply in 21791, MD
How many homes are available in 21791, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The 21791 real estate market had 17 homes for sale in March 2024, a 41.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 21791 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21791, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 21791 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 21791, MD
How long does it take to sell a home in 21791, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Day | 10 Days | +966.7% |
Summary: Homes in 21791 had an average of 10 days on market in Mar 2024, up by 966.7% compared to last year.
Breakdown of Home Sale Times
3 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 21791 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 21791; 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.
