Is 21921, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21921 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 21921 was a Neutral Market.

Key Takeaway

21921 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21921, MD

How much do homes in 21921, MD cost?

Median Sold Price

$326,560

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,560(+8.9%)

Key Takeaway

Homes in 21921 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 21921 was $326,560 in February 2024, up 8.9% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $137.5K-
N/A
2 $206.5K$222.5K
+7.7%
3 $268.7K$299.9K
+11.6%
4 $370K$380K
+2.7%
5+ $579.9K$568K
-2.1%

Summary: 21921 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

21911
+9.7%
21921
+8.9%
21901
+5.3%

Housing Supply in 21921, MD

How many homes are available in 21921, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
159144-9.4%

Summary: The 21921 real estate market had 144 homes for sale in February 2024, a 9.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 7160
-15.5%
4 6055
-8.3%
5+ 1516
+6.7%

Summary: The 21921 housing inventory by bedroom type for February 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 15.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3034+13.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21921, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.

Summary: A total of 34 homes were sold or pending in 21921 in February 2024, up by 13.3% month-over-month. Of the 34 sold homes, 32% were sold under asking, 38% were sold at asking, and 29% were sold over asking.

Days on Market for 21921, MD

How long does it take to sell a home in 21921, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
20 Days33 Days+61.8%

Summary: Homes in 21921 had an average of 33 days on market in Feb 2024, up by 61.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21921 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 34 homes were sold in 21921; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 21921, MD

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