Is 21111, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21111 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21111 has remained a Seller's Market.

Key Takeaway

21111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21111, MD

How much do homes in 21111, MD cost?

Median Sold Price

$710,500

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$119,400(-14.4%)

Key Takeaway

Homes in 21111 have sold for 14.4% less than they did a year ago.

Summary: The median home sold price in 21111 was $710,500 in October 2024, down 14.4% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $728K$535K
-26.5%
3 $486K$565K
+16.3%
4 $815.6K$717.7K
-12.0%
5+ $855.5K$1.0M
+16.9%

Summary: 21111 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 decreased by 26.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Zip Codes

21131
+10.3%
21152
+7.5%
21161
-2.9%
21013
-3.0%
21111
-14.4%

Housing Supply in 21111, MD

How many homes are available in 21111, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1415+7.1%

Summary: The 21111 real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 98
-11.1%
5+ 35
+66.7%

Summary: The 21111 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21111, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 21111 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 21111, MD

How long does it take to sell a home in 21111, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days90 Days+1841.4%

Summary: Homes in 21111 had an average of 90 days on market in Oct 2024, up by 1841.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21111 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 21111; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

Newest Listings in 21111, MD

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