$3,859 Closing Credit*
$325,000
1,296 SqFt
2 Beds
•2 Full Baths
Tressa S Manna, Listing Office: RE/MAX Advantage Realty
Is 21224, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$305,012
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,739(+3.3%)
Key Takeaway
Homes in 21224 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 21224 was $305,012 in November 2024, up 3.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.5K | $205K | -13.0% |
| 2 Bedrooms | $255.3K | $272K | +6.5% |
| 3 Bedrooms | $311.9K | $315.5K | +1.2% |
| 4 Bedrooms | $455.5K | $439K | -3.6% |
| 5+ Bedrooms | $370K | $355K | -4.1% |
Summary: 21224 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 21224, MD
How many homes are available in 21224, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 310 | 342 | +10.3% |
Summary: The 21224 real estate market had 342 homes for sale in November 2024, a 10.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 104 | 112 | +7.7% |
| 3 Bedrooms | 155 | 167 | +7.7% |
| 4 Bedrooms | 39 | 51 | +30.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 21224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 62 | -16.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21224, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in 21224 in November 2024, down by 16.2% month-over-month. Of the 62 sold homes, 37% were sold under asking, 31% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +70.5% |
Summary: Homes in 21224 had an average of 31 days on market in Nov 2024, up by 70.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 62 homes were sold in 21224; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
