Is 21804, 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, 21804 has remained a Seller's Market.
Key Takeaway
21804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21804, MD
How much do homes in 21804, MD cost?
Median Sold Price
$234,933
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21804 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 21804 was $234,933 in March 2024, up 11.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $140K | -0.7% |
| 2 Bedrooms | $149K | $175K | +17.4% |
| 3 Bedrooms | $214.9K | $235K | +9.3% |
| 4 Bedrooms | $305.2K | $312K | +2.2% |
| 5+ Bedrooms | $399.9K | $362.9K | -9.2% |
Summary: 21804 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 21804, MD
How many homes are available in 21804, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 166 | 0.0% |
Summary: The 21804 real estate market had 166 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 102 | 110 | +7.8% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 21804 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 11.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21804, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 21804 in March 2024, up by 6.7% month-over-month. Of the 32 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
Days on Market for 21804, MD
How long does it take to sell a home in 21804, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -12.4% |
Summary: Homes in 21804 had an average of 23 days on market in Mar 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21804 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 21804; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
