Is 21220, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21220 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $190K$275K
+44.7%
2 $231.5K$230K
-0.6%
3 $280K$288K
+2.9%
4 $373K$420K
+12.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

21221
+10.4%
21085
+9.8%
21220
+4.0%
21237
0.0%
21162
-21.6%

Housing Supply in 21220, MD

How many homes are available in 21220, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
152139-8.6%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2220
-9.1%
3 8771
-18.4%
4 3336
+9.1%
5+ 1012
+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 2024Oct 2024CHANGE
4232-23.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
23 Days22 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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