$4,513 Closing Credit*
$380,000
1,432 SqFt
Jeffrey Choyce Sr., Listing Office: Hyatt & Company Real Estate, LLC
Is 21227, 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, 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
$320,375
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,375(+10.5%)
Key Takeaway
Homes in 21227 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 21227 was $320,375 in November 2024, up 10.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $173K | -13.9% |
| 2 Bedrooms | $227.5K | $240K | +5.5% |
| 3 Bedrooms | $282.6K | $310.5K | +9.8% |
| 4 Bedrooms | $335K | $390K | +16.4% |
| 5+ Bedrooms | $372.5K | $392.5K | +5.4% |
Summary: 21227 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 21227, MD
How many homes are available in 21227, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 82 | -5.7% |
Summary: The 21227 real estate market had 82 homes for sale in November 2024, a 5.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 58 | 52 | -10.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 21227 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 decreased by 40%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21227, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 21227 in November 2024, up by 25.9% month-over-month. Of the 34 sold homes, 18% were sold under asking, 29% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -7.0% |
Summary: Homes in 21227 had an average of 15 days on market in Nov 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21227 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 21227; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
