Is 21222, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21222 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21222 has remained a Seller's Market.

Key Takeaway

21222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21222, MD

How much do homes in 21222, MD cost?

Median Sold Price

$228,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,583(+5.4%)

Key Takeaway

Homes in 21222 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 21222 was $228,000 in October 2024, up 5.4% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$175K
N/A
2 $169.9K$190K
+11.8%
3 $217.5K$229.9K
+5.7%
4 $272.5K$282.7K
+3.8%
5+ $335K$332.5K
-0.7%

Summary: 21222 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

21226
+12.8%
21221
+10.4%
21219
+5.7%
21222
+5.4%
21224
+3.5%

Housing Supply in 21222, MD

How many homes are available in 21222, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165189+14.5%

Summary: The 21222 real estate market had 189 homes for sale in October 2024, a 14.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1625
+56.3%
3 96111
+15.6%
4 3735
-5.4%
5+ 1518
+20.0%

Summary: The 21222 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5344-17.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21222, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in 21222 in October 2024, down by 17.0% month-over-month. Of the 44 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.

Days on Market for 21222, MD

How long does it take to sell a home in 21222, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days18 Days0.3%

Summary: Homes in 21222 had an average of 18 days on market in Oct 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21222 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 44 homes were sold in 21222; 80% of homes were sold within 30 days, 20% 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 13 Days Ago

Newest Listings in 21222, MD

Nearby Markets to 21222, MD