$22,500
0.11 Acres
Land
Jennifer L Drennan, Listing Office: Taylor Properties
Is 21032, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21032 was a Seller's Market.
Key Takeaway
21032 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 21032, MD
How much do homes in 21032, MD cost?
Median Sold Price
$700,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,000(+8.4%)
Key Takeaway
Homes in 21032 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 21032 was $700,000 in October 2024, up 8.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | $389.5K | -33.4% |
| 2 Bedrooms | $622.5K | $300K | -51.8% |
| 3 Bedrooms | $525K | $498.5K | -5.0% |
| 4 Bedrooms | $680K | $800K | +17.6% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.4% |
Summary: 21032 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 51.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 21032, MD
How many homes are available in 21032, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Summary: The 21032 real estate market had 43 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 21032 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21032, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 21032 in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 21032, MD
How long does it take to sell a home in 21032, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 44 Days | +285.2% |
Summary: Homes in 21032 had an average of 44 days on market in Oct 2024, up by 285.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21032 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 21032; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
