Is 21157, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 21157 has remained a Seller's Market.
Key Takeaway
21157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21157, MD
How much do homes in 21157, MD cost?
Median Sold Price
$449,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 21157 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 21157 was $449,000 in May 2024, up 12.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $153.7K | N/A |
| 2 Bedrooms | $250K | $309K | +23.6% |
| 3 Bedrooms | $350K | $370K | +5.7% |
| 4 Bedrooms | $501K | $490K | -2.2% |
| 5+ Bedrooms | $668.7K | $758.6K | +13.5% |
Summary: 21157 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 21157, MD
How many homes are available in 21157, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 110 | +29.4% |
Summary: The 21157 real estate market had 110 homes for sale in May 2024, a 29.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 33 | 48 | +45.5% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 21157 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21157, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 21157 in May 2024, down by 5.0% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for 21157, MD
How long does it take to sell a home in 21157, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 19 Days | +93.0% |
Summary: Homes in 21157 had an average of 19 days on market in May 2024, up by 93% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21157 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in 21157; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
