Is 21211, 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, 21211 has remained a Seller's Market.
Key Takeaway
21211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21211, MD
How much do homes in 21211, MD cost?
Median Sold Price
$326,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 21211 have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in 21211 was $326,000 in May 2024, up 13.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $131.2K | +69.4% |
| 2 Bedrooms | $248.2K | $260K | +4.7% |
| 3 Bedrooms | $310K | $349.9K | +12.9% |
| 4 Bedrooms | $335.9K | $413K | +23.0% |
| 5+ Bedrooms | $530K | $508K | -4.2% |
Summary: 21211 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 21211, MD
How many homes are available in 21211, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 109 | +25.3% |
Summary: The 21211 real estate market had 109 homes for sale in May 2024, a 25.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 28 | 39 | +39.3% |
| 3 Bedrooms | 45 | 56 | +24.4% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 21211 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21211, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 21211 in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 5% were sold at asking, and 43% were sold over asking.
Days on Market for 21211, MD
How long does it take to sell a home in 21211, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +18.3% |
Summary: Homes in 21211 had an average of 18 days on market in May 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21211 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in 21211; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
