$5,926 Closing Credit*
$499,000
2,108 SqFt
4 Beds
•2 Full Baths, 2 Partial
Temple H Peirce Jr., Listing Office: Cummings & Co. Realtors
Is 21047, 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, 21047 has remained a Seller's Market.
Key Takeaway
21047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21047, MD
How much do homes in 21047, MD cost?
Median Sold Price
$530,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,900(-6.2%)
Key Takeaway
Homes in 21047 have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in 21047 was $530,000 in October 2024, down 6.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $275K | $500K | +81.8% |
| 3 Bedrooms | $456.5K | $485K | +6.2% |
| 4 Bedrooms | $582K | $560K | -3.8% |
| 5+ Bedrooms | $701.5K | $675K | -3.8% |
Summary: 21047 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 81.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 21047, MD
How many homes are available in 21047, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 21047 real estate market had 39 homes for sale in October 2024, a 2.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 21047 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 6.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21047, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 21047 in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 21047, MD
How long does it take to sell a home in 21047, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 27 Days | +83.9% |
Summary: Homes in 21047 had an average of 27 days on market in Oct 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
6 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 21047 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 21047; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
