$3,741 Closing Credit*
$315,000
2,294 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeremy Michael McDonough, Listing Office: Mr. Lister Realty
Is 21117, 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, 21117 has remained a Seller's Market.
Key Takeaway
21117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21117, MD
How much do homes in 21117, MD cost?
Median Sold Price
$375,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+7.8%)
Key Takeaway
Homes in 21117 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 21117 was $375,000 in October 2024, up 7.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $181.2K | +1.3% |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $337.5K | $350K | +3.7% |
| 4 Bedrooms | $525K | $526K | 0.2% |
| 5+ Bedrooms | $801.5K | $817.6K | +2.0% |
Summary: 21117 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 2%.
Housing Supply in 21117, MD
How many homes are available in 21117, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 | 190 | +19.5% |
Summary: The 21117 real estate market had 190 homes for sale in October 2024, a 19.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 31 | 47 | +51.6% |
| 3 Bedrooms | 59 | 67 | +13.6% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The 21117 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 51.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21117, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 21117 in October 2024, up by 2.5% month-over-month. Of the 41 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 21117, MD
How long does it take to sell a home in 21117, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +15.6% |
Summary: Homes in 21117 had an average of 17 days on market in Oct 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
32 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 21117 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in 21117; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
