$2,611 Closing Credit*
$219,900
1,440 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jacquetta Nicole Olaseha, Listing Office: Brick and Quill Realty
Is 21229, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21229 was a Seller's Market.
Key Takeaway
21229 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 21229, MD
How much do homes in 21229, MD cost?
Median Sold Price
$202,166
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,900(+3.5%)
Key Takeaway
Homes in 21229 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 21229 was $202,166 in October 2024, up 3.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $166.5K | +6.1% |
| 3 Bedrooms | $189.3K | $180K | -4.9% |
| 4 Bedrooms | $225K | $240K | +6.7% |
| 5+ Bedrooms | $297.4K | $316K | +6.2% |
Summary: 21229 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 6.1%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 21229, MD
How many homes are available in 21229, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 211 | +17.9% |
Summary: The 21229 real estate market had 211 homes for sale in October 2024, a 17.9% 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 | 14 | 21 | +50.0% |
| 3 Bedrooms | 104 | 123 | +18.3% |
| 4 Bedrooms | 49 | 53 | +8.2% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 21229 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 50%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Asking Price vs. Sold Price
5 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 21229, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 21229 in October 2024, up by 3.1% month-over-month. Of the 33 sold homes, 15% were sold under asking, 30% were sold at asking, and 55% were sold over asking.
Days on Market for 21229, MD
How long does it take to sell a home in 21229, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 29 Days | -37.6% |
Summary: Homes in 21229 had an average of 29 days on market in Oct 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21229 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 21229; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
