$1,483 Closing Credit*
$124,900
1,160 SqFt
3 Beds
•2 Full Baths
Marc M Cormier, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 21222, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $169.9K | $190K | +11.8% |
| 3 Bedrooms | $217.5K | $229.9K | +5.7% |
| 4 Bedrooms | $272.5K | $282.7K | +3.8% |
| 5+ Bedrooms | $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%.
Housing Supply in 21222, MD
How many homes are available in 21222, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 189 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 25 | +56.3% |
| 3 Bedrooms | 96 | 111 | +15.6% |
| 4 Bedrooms | 37 | 35 | -5.4% |
| 5+ Bedrooms | 15 | 18 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 44 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | 0.3% |
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
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.
