$8,182 Closing Credit*
$689,000
2 Beds
•1 Full Bath
Holly D Winfield, Listing Office: Monument Sotheby's International Realty
Is 21231, 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, 21231 has remained a Seller's Market.
Key Takeaway
21231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21231, MD
How much do homes in 21231, MD cost?
Median Sold Price
$308,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-0.6%)
Key Takeaway
Homes in 21231 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 21231 was $308,000 in October 2024, down 0.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $197.4K | -2.3% |
| 2 Bedrooms | $250K | $279K | +11.6% |
| 3 Bedrooms | $350K | $349K | -0.3% |
| 4 Bedrooms | $437.5K | $479.9K | +9.7% |
| 5+ Bedrooms | $692.5K | $715K | +3.2% |
Summary: 21231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 21231, MD
How many homes are available in 21231, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 144 | +25.2% |
Summary: The 21231 real estate market had 144 homes for sale in October 2024, a 25.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 46 | 51 | +10.9% |
| 3 Bedrooms | 44 | 61 | +38.6% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 21231 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 38.6%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 26 | +73.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21231, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 21231 in October 2024, up by 73.3% month-over-month. Of the 26 sold homes, 35% were sold under asking, 38% were sold at asking, and 27% were sold over asking.
Days on Market for 21231, MD
How long does it take to sell a home in 21231, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -9.9% |
Summary: Homes in 21231 had an average of 32 days on market in Oct 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21231 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 21231; 62% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
