$10,000 Closing Credit*
$850,000
3,125 SqFt
4 Beds
•3 Full Baths
Cora W Berry, Listing Office: Real Estate Professionals, Inc.
Is 21074, 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, 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
$407,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+5.7%)
Key Takeaway
Homes in 21074 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 21074 was $407,000 in October 2024, up 5.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $240K | +6.7% |
| 3 Bedrooms | $357.9K | $375K | +4.8% |
| 4 Bedrooms | $490K | $540K | +10.2% |
| 5+ Bedrooms | $563.5K | $667.5K | +18.5% |
Summary: 21074 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 6.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Zip Codes
| 21155 | $410K | $571.8K | +39.5% |
| 21074 | $385K | $407K | +5.7% |
| 21120 | $633.7K | $629.9K | -0.6% |
| 21102 | $459K | $431K | -6.1% |
| 21053 | $515K | $466K | -9.5% |
Housing Supply in 21074, MD
How many homes are available in 21074, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The 21074 real estate market had 40 homes for sale in October 2024, a 8.1% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 21074 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21074, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 21074 in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +45.8% |
Summary: Homes in 21074 had an average of 18 days on market in Oct 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 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 October 2024, 13 homes were sold in 21074; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
