$89,000
0.23 Acres
Land
Robert J Chew, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 21032, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21032 has remained a Seller's Market.
Key Takeaway
21032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21032, MD
How much do homes in 21032, MD cost?
Median Sold Price
$695,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+6.1%)
Key Takeaway
Homes in 21032 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 21032 was $695,000 in November 2024, up 6.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | $389.5K | -33.4% |
| 2 Bedrooms | $620K | $369.9K | -40.3% |
| 3 Bedrooms | $525K | $495K | -5.7% |
| 4 Bedrooms | $748.2K | $785K | +4.9% |
| 5+ Bedrooms | $1.2M | $1.1M | -11.2% |
Summary: 21032 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 40.3%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in 21032, MD
How many homes are available in 21032, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The 21032 real estate market had 45 homes for sale in November 2024, a 4.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 21032 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 increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21032, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 21032 in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 35 Days | +118.4% |
Summary: Homes in 21032 had an average of 35 days on market in Nov 2024, up by 118.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21032 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 21032; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
