Is 21286, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21286 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21286 has remained a Seller's Market.

Key Takeaway

21286 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21286, MD

How much do homes in 21286, MD cost?

Median Sold Price

$390,500

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,750(+11.0%)

Key Takeaway

Homes in 21286 have sold for 11% more than they did a year ago.

Summary: The median home sold price in 21286 was $390,500 in November 2024, up 11% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199K$169K
-15.1%
2 $230K$250K
+8.7%
3 $325K$330K
+1.5%
4 $540K$572.9K
+6.1%
5+ $638K$750K
+17.6%

Summary: 21286 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Zip Codes

21286
+11.0%
21239
+9.1%
21093
+6.2%
21234
+5.7%
21204
+5.7%

Housing Supply in 21286, MD

How many homes are available in 21286, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6468+6.3%

Summary: The 21286 real estate market had 68 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 48
+100.0%
3 3535
0.0%
4 1921
+10.5%
5+ 53
-40.0%

Summary: The 21286 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21286, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 21286 in November 2024, down by 5.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for 21286, MD

How long does it take to sell a home in 21286, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days23 Days-8.4%

Summary: Homes in 21286 had an average of 23 days on market in Nov 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21286 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 21286; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

Newest Listings in 21286, MD

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