$4,394 Closing Credit*
$370,000
1,498 SqFt
3 Beds
•2 Full Baths
Catherine Funmi Oluniyi, Listing Office: HomeSmart
Is 21220, 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, 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
$317,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+2.3%)
Key Takeaway
Homes in 21220 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 21220 was $317,000 in November 2024, up 2.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $275K | +44.7% |
| 2 Bedrooms | $228K | $231.4K | +1.5% |
| 3 Bedrooms | $285K | $290.5K | +1.9% |
| 4 Bedrooms | $375K | $412.5K | +10.0% |
| 5+ Bedrooms | $428K | $580K | +35.5% |
Summary: 21220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 35.5%.
Housing Supply in 21220, MD
How many homes are available in 21220, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 140 | 128 | -8.6% |
Summary: The 21220 real estate market had 128 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 72 | 68 | -5.6% |
| 4 Bedrooms | 37 | 27 | -27.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 21220 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 27 | -28.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21220, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in 21220 in November 2024, down by 28.9% month-over-month. Of the 27 sold homes, 22% were sold under asking, 41% were sold at asking, and 37% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 36 Days | +130.8% |
Summary: Homes in 21220 had an average of 36 days on market in Nov 2024, up by 130.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 27 homes were sold in 21220; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
