Is 21226, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21226 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21226 has remained a Seller's Market.

Key Takeaway

21226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21226, MD

How much do homes in 21226, MD cost?

Median Sold Price

$375,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,500(+13.8%)

Key Takeaway

Homes in 21226 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 21226 was $375,000 in November 2024, up 13.8% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$499.9K
N/A
2 $115K$76K
-33.9%
3 $350K$367.5K
+5.0%
4 $321K$435K
+35.5%
5+ $430K$510K
+18.6%

Summary: 21226 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

21225
+14.4%
21226
+13.8%
21222
+4.8%
21230
+2.1%
21060
-1.3%

Housing Supply in 21226, MD

How many homes are available in 21226, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3944+12.8%

Summary: The 21226 real estate market had 44 homes for sale in November 2024, a 12.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 1722
+29.4%
4 76
-14.3%
5+ 21
-50.0%

Summary: The 21226 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21226, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 21226 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.

Days on Market for 21226, MD

How long does it take to sell a home in 21226, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days17 Days-24.2%

Summary: Homes in 21226 had an average of 17 days on market in Nov 2024, down by 24.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21226 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 21226; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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