$5,641 Closing Credit*
$475,000
1,432 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer R Wolff, Listing Office: Real Estate Professionals, Inc.
Is 21122, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$435,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,833(+3.5%)
Key Takeaway
Homes in 21122 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 21122 was $435,000 in November 2024, up 3.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $325K | +103.1% |
| 2 Bedrooms | $285K | $289.9K | +1.7% |
| 3 Bedrooms | $387K | $411.2K | +6.3% |
| 4 Bedrooms | $488.7K | $505K | +3.3% |
| 5+ Bedrooms | $699.9K | $585K | -16.4% |
Summary: 21122 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 224 | 224 | 0.0% |
Summary: The 21122 real estate market had 224 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 94 | 101 | +7.4% |
| 4 Bedrooms | 82 | 74 | -9.8% |
| 5+ Bedrooms | 33 | 31 | -6.1% |
Summary: The 21122 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21122, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in 21122 in November 2024, down by 6.0% month-over-month. Of the 63 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +24.2% |
Summary: Homes in 21122 had an average of 26 days on market in Nov 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 63 homes were sold in 21122; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
