$2,197 Closing Credit*
$185,000
2 Beds
•1 Full Bath, 1 Partial
Song M. Hong, Listing Office: Turn Key Homes Litmited Libability
Is 21205, 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, 21205 has remained a Seller's Market.
Key Takeaway
21205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21205, MD
How much do homes in 21205, MD cost?
Median Sold Price
$117,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-13.0%)
Key Takeaway
Homes in 21205 have sold for 13% less than they did a year ago.
Summary: The median home sold price in 21205 was $117,500 in October 2024, down 13% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54K | $80K | +48.1% |
| 2 Bedrooms | $138.5K | $110K | -20.6% |
| 3 Bedrooms | $120K | $109.9K | -8.4% |
| 4 Bedrooms | $190K | $194K | +2.1% |
| 5+ Bedrooms | $155K | $185K | +19.4% |
Summary: 21205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.1%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 19.4%.
Housing Supply in 21205, MD
How many homes are available in 21205, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 122 | +20.8% |
Summary: The 21205 real estate market had 122 homes for sale in October 2024, a 20.8% 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 | 21 | 23 | +9.5% |
| 3 Bedrooms | 68 | 78 | +14.7% |
| 4 Bedrooms | 10 | 18 | +80.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21205 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 9.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21205, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 21205 in October 2024, up by 71.4% month-over-month. Of the 24 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 21205, MD
How long does it take to sell a home in 21205, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 102 Days | +205.6% |
Summary: Homes in 21205 had an average of 102 days on market in Oct 2024, up by 205.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 21205 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 24 homes were sold in 21205; 29% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
