Is 21014, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21014 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21014 has remained a Seller's Market.

Key Takeaway

21014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21014, MD

How much do homes in 21014, MD cost?

Median Sold Price

$420,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+2.4%)

Key Takeaway

Homes in 21014 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 21014 was $420,000 in November 2024, up 2.4% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$156.5K
-13.1%
2 $245K$245.1K
0.0%
3 $380K$392.5K
+3.3%
4 $500K$510K
+2.0%
5+ $535K$700K
+30.8%

Summary: 21014 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 30.8%.

Median Sold Price Compared To Nearby Zip Codes

21015
+15.2%
21050
+10.7%
21014
+2.4%
21047
-3.6%

Housing Supply in 21014, MD

How many homes are available in 21014, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9893-5.1%

Summary: The 21014 real estate market had 93 homes for sale in November 2024, a 5.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2522
-12.0%
3 4233
-21.4%
4 2633
+26.9%
5+ 55
0.0%

Summary: The 21014 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3431-8.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21014, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 21014 in November 2024, down by 8.8% month-over-month. Of the 31 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% were sold over asking.

Days on Market for 21014, MD

How long does it take to sell a home in 21014, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days19 Days-0.3%

Summary: Homes in 21014 had an average of 19 days on market in Nov 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21014 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 31 homes were sold in 21014; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 21014, MD

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