Is 21230, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21230 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 21230 was a Seller's Market.

Key Takeaway

21230 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 21230, MD

How much do homes in 21230, MD cost?

Median Sold Price

$317,830

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,510(+2.1%)

Key Takeaway

Homes in 21230 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 21230 was $317,830 in November 2024, up 2.1% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $212.5K$202.5K
-4.7%
2 $259.9K$281.2K
+8.2%
3 $370K$370K
0.0%
4 $487.5K$519.5K
+6.6%
5+ $409K$635K
+55.3%

Summary: 21230 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 55.3%.

Median Sold Price Compared To Nearby Zip Codes

21201
+14.9%
21223
+5.0%
21230
+2.1%
21231
-1.6%
21202
-11.6%

Housing Supply in 21230, MD

How many homes are available in 21230, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
303334+10.2%

Summary: The 21230 real estate market had 334 homes for sale in November 2024, a 10.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2226
+18.2%
2 129139
+7.8%
3 105121
+15.2%
4 4443
-2.3%
5+ 35
+66.7%

Summary: The 21230 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54540.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21230, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 21230 in November 2024, the same as the previous month. Of the 54 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.

Days on Market for 21230, MD

How long does it take to sell a home in 21230, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days40 Days+14.2%

Summary: Homes in 21230 had an average of 40 days on market in Nov 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21230 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 54 homes were sold in 21230; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 21230, MD

Nearby Markets to 21230, MD