$8,906 Closing Credit*
$750,000
2,916 SqFt
4 Beds
•3 Full Baths, 2 Partial
Kristian A Kan, Listing Office: Northrop Realty
Is 21047, 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, 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 November 2023
-$20,000(-3.6%)
Key Takeaway
Homes in 21047 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 21047 was $530,000 in November 2024, down 3.6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $337.5K | - | N/A |
| 3 Bedrooms | $456.5K | $485K | +6.2% |
| 4 Bedrooms | $585K | $560K | -4.3% |
| 5+ Bedrooms | $764K | $675K | -11.6% |
Summary: 21047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in 21047, MD
How many homes are available in 21047, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The 21047 real estate market had 35 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 21047 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21047, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 21047 in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 44 Days | +105.8% |
Summary: Homes in 21047 had an average of 44 days on market in Nov 2024, up by 105.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21047 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 21047; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
