$1,781 Closing Credit*
$150,000
882 SqFt
2 Beds
•1 Full Bath
Justin A. Brewer, Listing Office: Baltimore Realty, LLC
Is 21162, 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, 21162 has remained a Seller's Market.
Key Takeaway
21162 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21162, MD
How much do homes in 21162, MD cost?
Median Sold Price
$427,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$117,500(-21.6%)
Key Takeaway
Homes in 21162 have sold for 21.6% less than they did a year ago.
Summary: The median home sold price in 21162 was $427,500 in October 2024, down 21.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $365K | +27.0% |
| 3 Bedrooms | $370K | $365K | -1.4% |
| 4 Bedrooms | $580K | $510K | -12.1% |
| 5+ Bedrooms | $590.5K | $672.5K | +13.9% |
Summary: 21162 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 27%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 21162, MD
How many homes are available in 21162, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 21162 real estate market had 11 homes for sale in October 2024, a 10.0% 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 | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 21162 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 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21162, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 21162 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 21162, MD
How long does it take to sell a home in 21162, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 10 Days | -49.2% |
Summary: Homes in 21162 had an average of 10 days on market in Oct 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
3 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 21162 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 21162; 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.
