$5,166 Closing Credit*
$435,000
2,441 SqFt
3 Beds
•2 Full Baths
Shawn Martin, Listing Office: Real Broker, LLC - Annapolis
Is 21061, 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, 21061 has remained a Seller's Market.
Key Takeaway
21061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21061, MD
How much do homes in 21061, MD cost?
Median Sold Price
$382,311
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,061(+6.1%)
Key Takeaway
Homes in 21061 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 21061 was $382,311 in October 2024, up 6.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $221K | N/A |
| 2 Bedrooms | $255K | $262.5K | +2.9% |
| 3 Bedrooms | $345K | $360K | +4.3% |
| 4 Bedrooms | $405K | $412K | +1.7% |
| 5+ Bedrooms | $421.5K | $439.4K | +4.3% |
Summary: 21061 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 2.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 21061, MD
How many homes are available in 21061, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 128 | +12.3% |
Summary: The 21061 real estate market had 128 homes for sale in October 2024, a 12.3% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 65 | 75 | +15.4% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 21061 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 decreased by 42.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21061, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 21061 in October 2024, up by 11.8% month-over-month. Of the 38 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for 21061, MD
How long does it take to sell a home in 21061, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 18 Days | +129.7% |
Summary: Homes in 21061 had an average of 18 days on market in Oct 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21061 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 21061; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
