$1,959 Closing Credit*
$165,000
672 SqFt
2 Beds
•1 Full Bath
Kimberly R Letschin, Listing Office: Long & Foster Real Estate, Inc.
Is 21001, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 21001 has remained a Seller's Market.
Key Takeaway
21001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21001, MD
How much do homes in 21001, MD cost?
Median Sold Price
$330,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.8%)
Key Takeaway
Homes in 21001 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 21001 was $330,000 in October 2024, up 4.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.5K | N/A |
| 2 Bedrooms | $190.7K | $215K | +12.7% |
| 3 Bedrooms | $299.7K | $325K | +8.4% |
| 4 Bedrooms | $390K | $400K | +2.6% |
| 5+ Bedrooms | $462.5K | $480K | +3.8% |
Summary: 21001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Zip Codes
| 21040 | $236.5K | $260K | +9.9% |
| 21001 | $315K | $330K | +4.8% |
| 21017 | $266.5K | $275K | +3.2% |
Housing Supply in 21001, MD
How many homes are available in 21001, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 110 | +20.9% |
Summary: The 21001 real estate market had 110 homes for sale in October 2024, a 20.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The 21001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21001, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in 21001 in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 23% were sold under asking, 55% were sold at asking, and 23% were sold over asking.
Days on Market for 21001, MD
How long does it take to sell a home in 21001, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -17.7% |
Summary: Homes in 21001 had an average of 25 days on market in Oct 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21001 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 21001; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
