$7,469 Closing Credit*
$629,000
2,388 SqFt
4 Beds
•3 Full Baths
Alexandra I Burrell-Hodges, Listing Office: Cottage Street Realty LLC
Is 21161, 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, 21161 has remained a Seller's Market.
Key Takeaway
21161 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21161, MD
How much do homes in 21161, MD cost?
Median Sold Price
$502,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-2.9%)
Key Takeaway
Homes in 21161 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 21161 was $502,500 in October 2024, down 2.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $150K | +36.4% |
| 2 Bedrooms | $282.5K | $310K | +9.7% |
| 3 Bedrooms | $510K | $430K | -15.7% |
| 4 Bedrooms | $602.5K | $657.5K | +9.1% |
| 5+ Bedrooms | $570K | $790K | +38.6% |
Summary: 21161 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 38.6%.
Median Sold Price Compared To Nearby Zip Codes
| 21084 | $535K | $540K | +0.9% |
| 21120 | $633.7K | $629.9K | -0.6% |
| 21161 | $517.5K | $502.5K | -2.9% |
| 21111 | $829.9K | $710.5K | -14.4% |
Housing Supply in 21161, MD
How many homes are available in 21161, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The 21161 real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 21161 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 20%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21161, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 21161 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for 21161, MD
How long does it take to sell a home in 21161, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 8 Days | -52.7% |
Summary: Homes in 21161 had an average of 8 days on market in Oct 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21161 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 21161; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
