$178 Closing Credit*
$14,999
3 Beds
•2 Full Baths
Joseph Leroy Jones, Listing Office: Keller Williams Legacy
Is 21218, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21218 has remained a Seller's Market.
Key Takeaway
21218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21218, MD
How much do homes in 21218, MD cost?
Median Sold Price
$214,357
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,518(+1.2%)
Key Takeaway
Homes in 21218 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 21218 was $214,357 in November 2024, up 1.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | $113.5K | -3.4% |
| 2 Bedrooms | $179K | $162.5K | -9.2% |
| 3 Bedrooms | $185K | $188K | +1.6% |
| 4 Bedrooms | $269.9K | $255K | -5.5% |
| 5+ Bedrooms | $450K | $370K | -17.8% |
Summary: 21218 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 17.8%.
Housing Supply in 21218, MD
How many homes are available in 21218, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 225 | +4.7% |
Summary: The 21218 real estate market had 225 homes for sale in November 2024, a 4.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 36 | 30 | -16.7% |
| 3 Bedrooms | 105 | 113 | +7.6% |
| 4 Bedrooms | 44 | 50 | +13.6% |
| 5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The 21218 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21218, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 21218 in November 2024, up by 17.1% month-over-month. Of the 41 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for 21218, MD
How long does it take to sell a home in 21218, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 32 Days | -34.6% |
Summary: Homes in 21218 had an average of 32 days on market in Nov 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21218 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 41 homes were sold in 21218; 59% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
