Is 21793, 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, 21793 has remained a Seller's Market.
Key Takeaway
21793 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21793, MD
How much do homes in 21793, MD cost?
Median Sold Price
$435,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21793 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 21793 was $435,000 in March 2024, up 7.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.4K | $226.5K | +14.7% |
| 3 Bedrooms | $320K | $350K | +9.4% |
| 4 Bedrooms | $450K | $525K | +16.7% |
| 5+ Bedrooms | $839.3K | $577.5K | -31.2% |
Summary: 21793 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 14.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in 21793, MD
How many homes are available in 21793, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 40 | +53.8% |
Summary: The 21793 real estate market had 40 homes for sale in March 2024, a 53.8% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 12 | 21 | +75.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21793 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 50%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21793, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 21793 in March 2024, up by 400.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 21793, MD
How long does it take to sell a home in 21793, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 4 Days | -63.2% |
Summary: Homes in 21793 had an average of 4 days on market in Mar 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
10 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 21793 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 21793; 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.
