$4,749 Closing Credit*
$399,900
2,240 SqFt
2 Beds
•2 Full Baths
Kathy A Banaszewski, Listing Office: Real Estate Professionals, Inc.
Is 21220, 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, 21220 has remained a Seller's Market.
Key Takeaway
21220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21220, MD
How much do homes in 21220, MD cost?
Median Sold Price
$318,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,250(+4.0%)
Key Takeaway
Homes in 21220 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 21220 was $318,000 in October 2024, up 4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $275K | +44.7% |
| 2 Bedrooms | $231.5K | $230K | -0.6% |
| 3 Bedrooms | $280K | $288K | +2.9% |
| 4 Bedrooms | $373K | $420K | +12.6% |
| 5+ Bedrooms | $430K | $570K | +32.6% |
Summary: 21220 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 32.6%.
Housing Supply in 21220, MD
How many homes are available in 21220, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 139 | -8.6% |
Summary: The 21220 real estate market had 139 homes for sale in October 2024, a 8.6% decrease 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 | 22 | 20 | -9.1% |
| 3 Bedrooms | 87 | 71 | -18.4% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 21220 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 decreased by 9.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 32 | -23.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21220, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 21220 in October 2024, down by 23.8% month-over-month. Of the 32 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% were sold over asking.
Days on Market for 21220, MD
How long does it take to sell a home in 21220, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -2.2% |
Summary: Homes in 21220 had an average of 22 days on market in Oct 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21220 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 21220; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
