$7,125 Closing Credit*
$600,000
2,406 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kathleen M Austin, Listing Office: Northrop Realty
Is 21043, 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, 21043 has remained a Seller's Market.
Key Takeaway
21043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21043, MD
How much do homes in 21043, MD cost?
Median Sold Price
$550,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,316(-2.9%)
Key Takeaway
Homes in 21043 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 21043 was $550,000 in October 2024, down 2.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | - | N/A |
| 2 Bedrooms | $341.5K | $330.6K | -3.2% |
| 3 Bedrooms | $500K | $510K | +2.0% |
| 4 Bedrooms | $725K | $697.5K | -3.8% |
| 5+ Bedrooms | $862.5K | $923.8K | +7.1% |
Summary: 21043 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 decreased by 3.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 21043, MD
How many homes are available in 21043, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 119 | +9.2% |
Summary: The 21043 real estate market had 119 homes for sale in October 2024, a 9.2% 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 | 24 | 27 | +12.5% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 21043 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 increased by 12.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21043, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 21043 in October 2024, up by 14.8% month-over-month. Of the 31 sold homes, 23% were sold under asking, 23% were sold at asking, and 55% were sold over asking.
Days on Market for 21043, MD
How long does it take to sell a home in 21043, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +53.2% |
Summary: Homes in 21043 had an average of 19 days on market in Oct 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
25 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 21043 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 21043; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
