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 November 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

$389,946

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,053(-1.3%)

Key Takeaway

Homes in 21060 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 21060 was $389,946 in November 2024, down 1.3% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$175K
+6.1%
2 $235K$249K
+6.0%
3 $410K$410K
0.0%
4 $430K$417.5K
-2.9%
5+ $452.5K$449K
-0.8%

Summary: 21060 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

21225
+14.4%
21226
+13.8%
21061
+3.6%
21122
+3.5%
21060
-1.3%

Housing Supply in 21060, MD

How many homes are available in 21060, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
146141-3.4%

Summary: The 21060 real estate market had 141 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3226
-18.8%
3 7473
-1.4%
4 3133
+6.5%
5+ 99
0.0%

Summary: The 21060 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 decreased by 18.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4639-15.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21060, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 21060 in November 2024, down by 15.2% month-over-month. Of the 39 sold homes, 18% were sold under asking, 36% were sold at asking, and 46% 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

Nov 2023Nov 2024CHANGE
23 Days28 Days+18.2%

Summary: Homes in 21060 had an average of 28 days on market in Nov 2024, up by 18.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 November 2024, 39 homes were sold in 21060; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

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