Is 21842, 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, 21842 was a Seller's Market.
Key Takeaway
21842 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21842, MD
How much do homes in 21842, MD cost?
Median Sold Price
$440,785
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21842 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 21842 was $440,785 in March 2024, up 3.7% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $299K | +8.7% |
| 2 Bedrooms | $400.9K | $410K | +2.3% |
| 3 Bedrooms | $552.2K | $598.3K | +8.3% |
| 4 Bedrooms | $732.5K | $750K | +2.4% |
| 5+ Bedrooms | $812.5K | $1.2M | +52.0% |
Summary: 21842 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 52%.
Housing Supply in 21842, MD
How many homes are available in 21842, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 726 | 793 | +9.2% |
Summary: The 21842 real estate market had 793 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 117 | 136 | +16.2% |
| 2 Bedrooms | 287 | 321 | +11.8% |
| 3 Bedrooms | 218 | 224 | +2.8% |
| 4 Bedrooms | 61 | 66 | +8.2% |
| 5+ Bedrooms | 43 | 46 | +7.0% |
Summary: The 21842 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 89 | +14.1% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21842, you may be able to get a good deal. 68.5% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in 21842 in March 2024, up by 14.1% month-over-month. Of the 89 sold homes, 69% were sold under asking, 18% were sold at asking, and 13% were sold over asking.
Days on Market for 21842, MD
How long does it take to sell a home in 21842, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 45 Days | +6.2% |
Summary: Homes in 21842 had an average of 45 days on market in Mar 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21842 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 89 homes were sold in 21842; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
