$2,611 Closing Credit*
$219,900
1,024 SqFt
3 Beds
•1 Full Bath
Dennis A Michalos, Listing Office: Lazar Real Estate
Is 21227, 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, 21227 has remained a Seller's Market.
Key Takeaway
21227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21227, MD
How much do homes in 21227, MD cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+10.3%)
Key Takeaway
Homes in 21227 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 21227 was $320,000 in October 2024, up 10.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $173K | -13.9% |
| 2 Bedrooms | $225K | $239.2K | +6.3% |
| 3 Bedrooms | $282.2K | $311K | +10.2% |
| 4 Bedrooms | $332.5K | $375.5K | +12.9% |
| 5+ Bedrooms | $370K | $375K | +1.4% |
Summary: 21227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 21227, MD
How many homes are available in 21227, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 83 | +15.3% |
Summary: The 21227 real estate market had 83 homes for sale in October 2024, a 15.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 57 | 53 | -7.0% |
| 4 Bedrooms | 8 | 18 | +125.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 21227 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 42.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21227, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 21227 in October 2024, up by 18.2% month-over-month. Of the 26 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for 21227, MD
How long does it take to sell a home in 21227, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -37.5% |
Summary: Homes in 21227 had an average of 15 days on market in Oct 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21227 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 21227; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
