$4,631 Closing Credit*
$390,000
1,700 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cheryl A Simmons, Listing Office: RE/MAX Aspire
Is 21228, 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, 21228 has remained a Seller's Market.
Key Takeaway
21228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21228, MD
How much do homes in 21228, MD cost?
Median Sold Price
$429,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,690(+13.7%)
Key Takeaway
Homes in 21228 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 21228 was $429,750 in November 2024, up 13.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $300K | +11.1% |
| 3 Bedrooms | $340.4K | $375K | +10.2% |
| 4 Bedrooms | $435K | $495K | +13.8% |
| 5+ Bedrooms | $525K | $550K | +4.8% |
Summary: 21228 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 increased by 11.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 21228, MD
How many homes are available in 21228, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 97 | -10.2% |
Summary: The 21228 real estate market had 97 homes for sale in November 2024, a 10.2% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 61 | 60 | -1.6% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 14 | 8 | -42.9% |
Summary: The 21228 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 remained the same, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21228, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in 21228 in November 2024, down by 2.3% month-over-month. Of the 42 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for 21228, MD
How long does it take to sell a home in 21228, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 14 Days | -36.7% |
Summary: Homes in 21228 had an average of 14 days on market in Nov 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21228 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 21228; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
