$2,850 Closing Credit*
$240,000
1,232 SqFt
4 Beds
•2 Full Baths
Richard Goldenberg, Listing Office: Castle Homes, Inc.
Is 21216, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21216 was a Seller's Market.
Key Takeaway
21216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21216, MD
How much do homes in 21216, MD cost?
Median Sold Price
$150,866
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,637(+12.4%)
Key Takeaway
Homes in 21216 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 21216 was $150,866 in October 2024, up 12.4% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $77.5K | $85K | +9.7% |
| 3 Bedrooms | $88K | $114.9K | +30.6% |
| 4 Bedrooms | $207.5K | $205K | -1.2% |
| 5+ Bedrooms | $270K | $289.9K | +7.4% |
Summary: 21216 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 9.7%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 21216, MD
How many homes are available in 21216, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 185 | 202 | +9.2% |
Summary: The 21216 real estate market had 202 homes for sale in October 2024, a 9.2% 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 | 17 | 19 | +11.8% |
| 3 Bedrooms | 102 | 106 | +3.9% |
| 4 Bedrooms | 49 | 61 | +24.5% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 21216 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 11.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21216, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 21216 in October 2024, down by 30.8% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for 21216, MD
How long does it take to sell a home in 21216, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 55 Days | +102.8% |
Summary: Homes in 21216 had an average of 55 days on market in Oct 2024, up by 102.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21216 has remained consistent over time.
Summary: During October 2024, 18 homes were sold in 21216; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
