Is 21221, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21221 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21221 has remained a Seller's Market.

Key Takeaway

21221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21221, MD

How much do homes in 21221, MD cost?

Median Sold Price

$293,200

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,200(+11.9%)

Key Takeaway

Homes in 21221 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 21221 was $293,200 in November 2024, up 11.9% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $120K$213.3K
+77.8%
2 $199.9K$225.5K
+12.8%
3 $245.5K$280K
+14.1%
4 $334.5K$360K
+7.6%
5+ $369.9K$510K
+37.9%

Summary: 21221 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 37.9%.

Median Sold Price Compared To Nearby Zip Codes

21221
+11.9%
21219
+3.5%
21220
+2.3%
21237
+1.5%

Housing Supply in 21221, MD

How many homes are available in 21221, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123116-5.7%

Summary: The 21221 real estate market had 116 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1618
+12.5%
3 6459
-7.8%
4 3432
-5.9%
5+ 97
-22.2%

Summary: The 21221 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 increased by 12.5%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4127-34.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21221, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 21221 in November 2024, down by 34.1% month-over-month. Of the 27 sold homes, 52% were sold under asking, 33% were sold at asking, and 15% were sold over asking.

Days on Market for 21221, MD

How long does it take to sell a home in 21221, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days39 Days+157.4%

Summary: Homes in 21221 had an average of 39 days on market in Nov 2024, up by 157.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21221 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 21221; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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 22 Days Ago

Newest Listings in 21221, MD

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