Is 21237, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21237 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 21237 was a Seller's Market.

Key Takeaway

21237 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 21237, MD

How much do homes in 21237, MD cost?

Median Sold Price

$300,000

$178/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 21237 has remained the same since last year.

Summary: The median home sold price in 21237 was $300,000 in October 2024, the same as last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$190K
-17.4%
2 $255K$246.5K
-3.3%
3 $287.7K$290K
+0.8%
4 $339.9K$341.7K
0.5%
5+ $350K$430K
+22.9%

Summary: 21237 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 22.9%.

Median Sold Price Compared To Nearby Zip Codes

21221
+10.4%
21236
+9.4%
21206
+6.7%
21237
0.0%
21162
-21.6%

Housing Supply in 21237, MD

How many homes are available in 21237, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8092+15.0%

Summary: The 21237 real estate market had 92 homes for sale in October 2024, a 15.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 67
+16.7%
3 3744
+18.9%
4 2932
+10.3%
5+ 88
0.0%

Summary: The 21237 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21237, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in 21237 in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 47% were sold at asking, and 27% were sold over asking.

Days on Market for 21237, MD

How long does it take to sell a home in 21237, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days14 Days-8.5%

Summary: Homes in 21237 had an average of 14 days on market in Oct 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21237 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 21237; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 21237, MD

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