Is 21869, 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, 21869 was a Seller's Market.
Key Takeaway
21869 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21869, MD
How much do homes in 21869, MD cost?
Median Sold Price
$160,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21869 have sold for 13.7% less than they did a year ago.
Summary: The median home sold price in 21869 was $160,000 in March 2024, down 13.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $150K | -18.9% |
| 2 Bedrooms | $175.5K | $157.5K | -10.3% |
| 3 Bedrooms | $239K | $230K | -3.8% |
| 4 Bedrooms | $100K | $196.5K | +96.5% |
| 5+ Bedrooms | $8.5M | - | N/A |
Summary: 21869 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 96.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 21837 | $187.1K | $270K | +44.3% |
| 21830 | $250K | $265K | +6.0% |
| 21869 | $185.5K | $160K | -13.7% |
Housing Supply in 21869, MD
How many homes are available in 21869, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The 21869 real estate market had 14 homes for sale in March 2024, a 12.5% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 21869 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21869, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 21869 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 21869, MD
How long does it take to sell a home in 21869, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 36 Days | -68.1% |
Summary: Homes in 21869 had an average of 36 days on market in Mar 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21869 has remained consistent over time.
Summary: During March 2024, 1 homes were sold in 21869; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
