$2,374 Closing Credit*
$199,900
1,818 SqFt
3 Beds
•3 Full Baths, 1 Partial
Luke C Skovira, Listing Office: Cummings & Co Realtors
Is 21224, 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, 21224 has remained a Seller's Market.
Key Takeaway
21224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21224, MD
How much do homes in 21224, MD cost?
Median Sold Price
$305,437
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,312(+3.5%)
Key Takeaway
Homes in 21224 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 21224 was $305,437 in October 2024, up 3.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $205K | -10.9% |
| 2 Bedrooms | $255K | $270.3K | +6.0% |
| 3 Bedrooms | $315K | $325.4K | +3.3% |
| 4 Bedrooms | $457.2K | $445K | -2.7% |
| 5+ Bedrooms | $355.1K | $360K | +1.4% |
Summary: 21224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 21224, MD
How many homes are available in 21224, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 309 | 338 | +9.4% |
Summary: The 21224 real estate market had 338 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 100 | 111 | +11.0% |
| 3 Bedrooms | 153 | 168 | +9.8% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 21224 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 68 | -6.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21224, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in 21224 in October 2024, down by 6.8% month-over-month. Of the 68 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for 21224, MD
How long does it take to sell a home in 21224, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -7.1% |
Summary: Homes in 21224 had an average of 30 days on market in Oct 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21224 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 68 homes were sold in 21224; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
