$1,507 Closing Credit*
$126,900
2 Beds
•1 Full Bath
Ashley Chesley, Listing Office: Brick and Quill Realty
Is 21223, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 21223 was a Seller'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
$72,300
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,425(+5.0%)
Key Takeaway
Homes in 21223 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 21223 was $72,300 in November 2024, up 5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.5K | $63K | +63.6% |
| 2 Bedrooms | $61K | $60K | -1.6% |
| 3 Bedrooms | $65K | $70K | +7.7% |
| 4 Bedrooms | $175.5K | $182K | +3.7% |
| 5+ Bedrooms | $83.7K | $164.5K | +96.4% |
Summary: 21223 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 236 | 237 | 0.4% |
Summary: The 21223 real estate market had 237 homes for sale in November 2024, a 0.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 65 | 67 | +3.1% |
| 3 Bedrooms | 115 | 112 | -2.6% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 21223 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21223, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 21223 in November 2024, down by 6.1% month-over-month. Of the 31 sold homes, 42% were sold under asking, 10% were sold at asking, and 48% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 56 Days | +11.4% |
Summary: Homes in 21223 had an average of 56 days on market in Nov 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21223 has remained consistent over time.
Summary: During November 2024, 31 homes were sold in 21223; 35% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
