Is 21122, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21122 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $160K$325K
+103.1%
2 $288.5K$275.3K
-4.6%
3 $375.3K$410K
+9.2%
4 $475K$510K
+7.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

21146
+14.3%
21108
+10.5%
21122
+3.2%
21060
-1.0%

Housing Supply in 21122, MD

How many homes are available in 21122, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
217228+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2218
-18.2%
3 8794
+8.0%
4 7682
+7.9%
5+ 3133
+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 2024Oct 2024CHANGE
7762-19.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
23 Days17 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in 21122, MD

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