$4,630 Closing Credit*
$389,900
1,590 SqFt
3 Beds
Lee F. Wolff, Listing Office: FSBO Broker
Is 21074, 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, 21074 has remained a Seller's Market.
Key Takeaway
21074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21074, MD
How much do homes in 21074, MD cost?
Median Sold Price
$407,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,250(+6.9%)
Key Takeaway
Homes in 21074 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 21074 was $407,750 in November 2024, up 6.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $249.9K | +11.1% |
| 3 Bedrooms | $361K | $375K | +3.9% |
| 4 Bedrooms | $490K | $545K | +11.2% |
| 5+ Bedrooms | $563.5K | $667.5K | +18.5% |
Summary: 21074 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 increased by 11.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Zip Codes
| 21155 | $427K | $571.8K | +33.9% |
| 21074 | $381.5K | $407.7K | +6.9% |
| 21102 | $440K | $435K | -1.1% |
| 21120 | $628.7K | $610K | -3.0% |
Housing Supply in 21074, MD
How many homes are available in 21074, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The 21074 real estate market had 35 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 21074 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 increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21074, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 21074 in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 21074, MD
How long does it take to sell a home in 21074, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -31.0% |
Summary: Homes in 21074 had an average of 21 days on market in Nov 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21074 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 21074; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
