$2,672 Closing Credit*
$225,000
1,408 SqFt
4 Beds
•1 Full Bath
Alyssia K. Essig, Listing Office: Compass
Is 21218, 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, 21218 was a Seller's Market.
Key Takeaway
21218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21218, MD
How much do homes in 21218, MD cost?
Median Sold Price
$215,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,737(+2.3%)
Key Takeaway
Homes in 21218 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 21218 was $215,000 in October 2024, up 2.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.7K | $112K | -5.7% |
| 2 Bedrooms | $175K | $162.5K | -7.1% |
| 3 Bedrooms | $185K | $189.3K | +2.3% |
| 4 Bedrooms | $269.9K | $255K | -5.5% |
| 5+ Bedrooms | $450K | $372.5K | -17.2% |
Summary: 21218 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 17.2%.
Housing Supply in 21218, MD
How many homes are available in 21218, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 216 | 242 | +12.0% |
Summary: The 21218 real estate market had 242 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 31 | 37 | +19.4% |
| 3 Bedrooms | 113 | 123 | +8.8% |
| 4 Bedrooms | 42 | 51 | +21.4% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The 21218 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 32 | -20.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21218, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 21218 in October 2024, down by 20.0% month-over-month. Of the 32 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +10.6% |
Summary: Homes in 21218 had an average of 30 days on market in Oct 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 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 October 2024, 32 homes were sold in 21218; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
