Is 21154, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21154 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21154 has remained a Seller's Market.

Key Takeaway

21154 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21154, MD

How much do homes in 21154, MD cost?

Median Sold Price

$575,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,000(+15.0%)

Key Takeaway

Homes in 21154 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 21154 was $575,000 in October 2024, up 15% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $650K$140K
-78.5%
3 $375K$425.5K
+13.5%
4 $629K$690K
+9.7%
5+ $840K$645K
-23.2%

Summary: 21154 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 decreased by 78.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 23.2%.

Median Sold Price Compared To Nearby Zip Codes

21154
+15.0%
21050
+9.5%
21084
+0.9%

Housing Supply in 21154, MD

How many homes are available in 21154, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1418+28.6%

Summary: The 21154 real estate market had 18 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 58
+60.0%
4 45
+25.0%
5+ 55
0.0%

Summary: The 21154 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21154, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 21154 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 21154, MD

How long does it take to sell a home in 21154, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days28 Days+41.3%

Summary: Homes in 21154 had an average of 28 days on market in Oct 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21154 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 21154; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 21154, MD

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