Is 21863, 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, 21863 was a Neutral Market.
Housing Prices in 21863, MD
How much do homes in 21863, MD cost?
Median Sold Price
$252,450
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 21863 was $252,450 in March 2024, down 9.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $152.5K | -44.5% |
3 Bedrooms | $247.5K | $249.9K | +1.0% |
4 Bedrooms | $378.5K | $287.5K | -24.0% |
5+ Bedrooms | $950K | $525K | -44.7% |
Summary: 21863 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 decreased by 44.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 44.7%.
Housing Supply in 21863, MD
How many homes are available in 21863, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Summary: The 21863 real estate market had 18 homes for sale in March 2024, a 10.0% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 21863 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 21863 in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 21863, MD
How long does it take to sell a home in 21863, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
164 Days | 1 Day | -99.4% |
Summary: Homes in 21863 had an average of 1 days on market in Mar 2024, down by 99.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 21863; 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.