Is 21218, 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, 21218 was a Seller's Market.
Key Takeaway
21218 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 21218, MD
How much do homes in 21218, MD cost?
Median Sold Price
$207,812
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 21218 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 21218 was $207,812 in May 2024, up 1.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.2K | $127.5K | +25.9% |
| 2 Bedrooms | $160K | $165K | +3.1% |
| 3 Bedrooms | $189.9K | $183K | -3.7% |
| 4 Bedrooms | $272K | $265K | -2.6% |
| 5+ Bedrooms | $419K | $375K | -10.5% |
Summary: 21218 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 21218, MD
How many homes are available in 21218, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 256 | +16.9% |
Summary: The 21218 real estate market had 256 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 102 | 121 | +18.6% |
| 4 Bedrooms | 49 | 53 | +8.2% |
| 5+ Bedrooms | 31 | 39 | +25.8% |
Summary: The 21218 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 25.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 42 | +40.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21218, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 21218 in May 2024, up by 40.0% month-over-month. Of the 42 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for 21218, MD
How long does it take to sell a home in 21218, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +31.6% |
Summary: Homes in 21218 had an average of 52 days on market in May 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21218 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in 21218; 67% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
