Is 21217, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 21217 was a Seller's Market.
Key Takeaway
21217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21217, MD
How much do homes in 21217, MD cost?
Median Sold Price
$85,625
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 21217 have sold for 18.5% less than they did a year ago.
Summary: The median home sold price in 21217 was $85,625 in May 2024, down 18.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.3K | $149.1K | +85.6% |
| 2 Bedrooms | $52.8K | $69.5K | +31.6% |
| 3 Bedrooms | $73.7K | $66K | -10.5% |
| 4 Bedrooms | $199.9K | $149.9K | -25.0% |
| 5+ Bedrooms | $262.5K | $224.9K | -14.3% |
Summary: 21217 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.6%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in 21217, MD
How many homes are available in 21217, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 228 | 253 | +11.0% |
Summary: The 21217 real estate market had 253 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 111 | 112 | +0.9% |
| 4 Bedrooms | 43 | 58 | +34.9% |
| 5+ Bedrooms | 36 | 41 | +13.9% |
Summary: The 21217 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21217, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 21217 in May 2024, down by 22.9% month-over-month. Of the 27 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for 21217, MD
How long does it take to sell a home in 21217, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 67 Days | +84.3% |
Summary: Homes in 21217 had an average of 67 days on market in May 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21217 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in 21217; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
