Is 21060, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21060 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21060 has remained a Seller's Market.

Key Takeaway

21060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21060, MD

How much do homes in 21060, MD cost?

Median Sold Price

$389,933

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,816(-1.0%)

Key Takeaway

Homes in 21060 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 21060 was $389,933 in October 2024, down 1% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$175K
+2.9%
2 $233K$247K
+6.0%
3 $405K$410K
+1.2%
4 $424K$422.5K
-0.4%
5+ $482.5K$448K
-7.2%

Summary: 21060 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

21225
+15.9%
21226
+12.8%
21061
+6.1%
21122
+3.2%
21060
-1.0%

Housing Supply in 21060, MD

How many homes are available in 21060, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
136146+7.4%

Summary: The 21060 real estate market had 146 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2931
+6.9%
3 6371
+12.7%
4 3633
-8.3%
5+ 811
+37.5%

Summary: The 21060 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 6.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4241-2.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21060, expect to pay close to the asking price. 41.5% of homes here sold near the asking price last month.

Summary: A total of 41 homes were sold or pending in 21060 in October 2024, down by 2.4% month-over-month. Of the 41 sold homes, 22% were sold under asking, 41% were sold at asking, and 37% were sold over asking.

Days on Market for 21060, MD

How long does it take to sell a home in 21060, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days27 Days+65.8%

Summary: Homes in 21060 had an average of 27 days on market in Oct 2024, up by 65.8% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21060 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in 21060; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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