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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21230 is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

21230 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21230, MD

How much do homes in 21230, MD cost?

Median Sold Price

$321,733

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,150(+4.9%)

Key Takeaway

Homes in 21230 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 21230 was $321,733 in October 2024, up 4.9% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $207.5K$205K
-1.2%
2 $260K$285K
+9.6%
3 $370K$367.5K
-0.7%
4 $495K$525K
+6.1%
5+ $477K$550K
+15.3%

Summary: 21230 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

21201
+14.0%
21223
+6.2%
21230
+4.9%
21231
-0.6%
21202
-17.5%

Housing Supply in 21230, MD

How many homes are available in 21230, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
309325+5.2%

Summary: The 21230 real estate market had 325 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1925
+31.6%
2 127139
+9.4%
3 119113
-5.0%
4 4144
+7.3%
5+ 34
+33.3%

Summary: The 21230 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5646-17.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21230, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in 21230 in October 2024, down by 17.9% month-over-month. Of the 46 sold homes, 30% were sold under asking, 24% were sold at asking, and 46% 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

Oct 2023Oct 2024CHANGE
23 Days24 Days+4.2%

Summary: Homes in 21230 had an average of 24 days on market in Oct 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 46 homes were sold in 21230; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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 21 Days Ago

Newest Listings in 21230, MD

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