$3,086 Closing Credit*
$259,900
1,059 SqFt
3 Beds
•1 Full Bath
Anna Yashnyk, Listing Office: Real Estate Unlimited LLC
Is 21228, 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, 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
$427,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,058(+13.9%)
Key Takeaway
Homes in 21228 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 21228 was $427,500 in October 2024, up 13.9% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262K | $300K | +14.5% |
| 3 Bedrooms | $343K | $375K | +9.3% |
| 4 Bedrooms | $435K | $476.9K | +9.6% |
| 5+ Bedrooms | $522.5K | $555K | +6.2% |
Summary: 21228 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 21228, MD
How many homes are available in 21228, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 112 | +12.0% |
Summary: The 21228 real estate market had 112 homes for sale in October 2024, a 12.0% 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 53 | 64 | +20.8% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 21228 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 decreased by 75%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21228, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 21228 in October 2024, down by 5.1% month-over-month. Of the 37 sold homes, 27% were sold under asking, 30% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | +2.0% |
Summary: Homes in 21228 had an average of 20 days on market in Oct 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 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 October 2024, 37 homes were sold in 21228; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
