Is 21811, 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, 21811 was a Neutral Market.
Housing Prices in 21811, MD
How much do homes in 21811, MD cost?
Median Sold Price
$430,166
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21811 was $430,166 in March 2024, up 4.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.2K | $138K | -25.9% |
2 Bedrooms | $265K | $319.2K | +20.5% |
3 Bedrooms | $360K | $400K | +11.1% |
4 Bedrooms | $549.9K | $565K | +2.7% |
5+ Bedrooms | $775K | $861.2K | +11.1% |
Summary: 21811 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Zip Codes
21811 | $410K | $430.1K | +4.9% |
21842 | $425K | $440.7K | +3.7% |
Housing Supply in 21811, MD
How many homes are available in 21811, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
261 | 287 | +10.0% |
Summary: The 21811 real estate market had 287 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 135 | 150 | +11.1% |
4 Bedrooms | 75 | 90 | +20.0% |
5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The 21811 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 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 21811 in March 2024, up by 25.0% month-over-month. Of the 40 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 21811, MD
How long does it take to sell a home in 21811, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 29 Days | -41.3% |
Summary: Homes in 21811 had an average of 29 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 21811; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.