$8,550 Closing Credit*
$720,000
2,586 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sandra K Libby, Listing Office: Long & Foster Real Estate, Inc.
Is 21122, 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, 21122 has remained a Seller's Market.
Key Takeaway
21122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21122, MD
How much do homes in 21122, MD cost?
Median Sold Price
$432,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,300(+3.2%)
Key Takeaway
Homes in 21122 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 21122 was $432,000 in October 2024, up 3.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $325K | +103.1% |
| 2 Bedrooms | $288.5K | $275.3K | -4.6% |
| 3 Bedrooms | $375.3K | $410K | +9.2% |
| 4 Bedrooms | $475K | $510K | +7.4% |
| 5+ Bedrooms | $699.9K | $585K | -16.4% |
Summary: 21122 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.1%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 16.4%.
Housing Supply in 21122, MD
How many homes are available in 21122, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 217 | 228 | +5.1% |
Summary: The 21122 real estate market had 228 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 87 | 94 | +8.0% |
| 4 Bedrooms | 76 | 82 | +7.9% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The 21122 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 18.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 62 | -19.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21122, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in 21122 in October 2024, down by 19.5% month-over-month. Of the 62 sold homes, 19% were sold under asking, 26% were sold at asking, and 55% were sold over asking.
Days on Market for 21122, MD
How long does it take to sell a home in 21122, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -24.5% |
Summary: Homes in 21122 had an average of 17 days on market in Oct 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21122 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in 21122; 92% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
