$2,316 Closing Credit*
$195,000
2 Beds
•2 Full Baths
Saleem Queen, Listing Office: Keller Williams Legacy
Is 21223, 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, 21223 has remained a Buyer's Market.
Key Takeaway
21223 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21223, MD
How much do homes in 21223, MD cost?
Median Sold Price
$72,200
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,200(+6.2%)
Key Takeaway
Homes in 21223 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 21223 was $72,200 in October 2024, up 6.2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.2K | $63K | +64.7% |
| 2 Bedrooms | $61K | $65K | +6.6% |
| 3 Bedrooms | $65K | $68.2K | +4.9% |
| 4 Bedrooms | $175K | $190K | +8.6% |
| 5+ Bedrooms | $83.7K | $164.5K | +96.4% |
Summary: 21223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 96.4%.
Housing Supply in 21223, MD
How many homes are available in 21223, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 238 | 269 | +13.0% |
Summary: The 21223 real estate market had 269 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 70 | 80 | +14.3% |
| 3 Bedrooms | 123 | 131 | +6.5% |
| 4 Bedrooms | 30 | 39 | +30.0% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The 21223 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21223, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 21223 in October 2024, down by 8.8% month-over-month. Of the 31 sold homes, 52% were sold under asking, 6% were sold at asking, and 42% were sold over asking.
Days on Market for 21223, MD
How long does it take to sell a home in 21223, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 73 Days | +150.1% |
Summary: Homes in 21223 had an average of 73 days on market in Oct 2024, up by 150.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21223 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 21223; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
