Is 21851, 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, 21851 has remained a Buyer's Market.
Key Takeaway
21851 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21851, MD
How much do homes in 21851, MD cost?
Median Sold Price
$212,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21851 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 21851 was $212,450 in March 2024, up 2.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $83K | $170K | +104.8% |
| 3 Bedrooms | $201K | $205K | +2.0% |
| 4 Bedrooms | $241.3K | $305.9K | +26.8% |
| 5+ Bedrooms | - | $475K | N/A |
Summary: 21851 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 104.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 21851 | $206.4K | $212.4K | +2.9% |
| 21863 | $280K | $252.4K | -9.8% |
Housing Supply in 21851, MD
How many homes are available in 21851, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 73 | +7.4% |
Summary: The 21851 real estate market had 73 homes for sale in March 2024, a 7.4% 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 21851 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 increased by 28.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21851, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 21851 in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 21851, MD
How long does it take to sell a home in 21851, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 52 Days | +151.6% |
Summary: Homes in 21851 had an average of 52 days on market in Mar 2024, up by 151.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21851 has remained consistent over time.
Summary: During March 2024, 6 homes were sold in 21851; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
