Is 21144, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21144 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21144 has remained a Seller's Market.

Key Takeaway

21144 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21144, MD

How much do homes in 21144, MD cost?

Median Sold Price

$506,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,440(+7.1%)

Key Takeaway

Homes in 21144 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 21144 was $506,500 in October 2024, up 7.1% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $213K$420K
+97.2%
3 $410K$450K
+9.8%
4 $544K$565K
+3.9%
5+ $695.5K$728K
+4.7%

Summary: 21144 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 increased by 97.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Zip Codes

21144
+7.1%
21061
+6.1%
21076
+2.0%

Housing Supply in 21144, MD

How many homes are available in 21144, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8580-5.9%

Summary: The 21144 real estate market had 80 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 3736
-2.7%
4 3633
-8.3%
5+ 119
-18.2%

Summary: The 21144 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 increased by 100%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4326-39.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21144, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 21144 in October 2024, down by 39.5% month-over-month. Of the 26 sold homes, 42% were sold under asking, 12% were sold at asking, and 46% were sold over asking.

Days on Market for 21144, MD

How long does it take to sell a home in 21144, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days32 Days+77.3%

Summary: Homes in 21144 had an average of 32 days on market in Oct 2024, up by 77.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21144 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 21144; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% 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 21 Days Ago

Newest Listings in 21144, MD

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