Is 21230, 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, 21230 was a Seller's Market.
Key Takeaway
21230 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21230, MD
How much do homes in 21230, MD cost?
Median Sold Price
$309,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 21230 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 21230 was $309,000 in May 2024, up 2.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $207K | +5.1% |
| 2 Bedrooms | $265K | $275.8K | +4.1% |
| 3 Bedrooms | $345K | $357.4K | +3.6% |
| 4 Bedrooms | $499.9K | $473.2K | -5.3% |
| 5+ Bedrooms | $493.5K | $530K | +7.4% |
Summary: 21230 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 21230, MD
How many homes are available in 21230, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 286 | 315 | +10.1% |
Summary: The 21230 real estate market had 315 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 29 | -3.3% |
| 2 Bedrooms | 114 | 124 | +8.8% |
| 3 Bedrooms | 106 | 118 | +11.3% |
| 4 Bedrooms | 29 | 36 | +24.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 21230 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 44 | -32.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21230, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 21230 in May 2024, down by 32.3% month-over-month. Of the 44 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for 21230, MD
How long does it take to sell a home in 21230, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 21 Days | -42.1% |
Summary: Homes in 21230 had an average of 21 days on market in May 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21230 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in 21230; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
