$9,797 Closing Credit*
$825,000
2,581 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rachel Gontkovic, Listing Office: Long & Foster Real Estate, Inc.
Is 21403, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21403 has remained a Seller's Market.
Key Takeaway
21403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21403, MD
How much do homes in 21403, MD cost?
Median Sold Price
$567,666
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$47,333(-7.7%)
Key Takeaway
Homes in 21403 have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in 21403 was $567,666 in November 2024, down 7.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $251.2K | -2.3% |
| 2 Bedrooms | $380K | $417K | +9.7% |
| 3 Bedrooms | $525K | $504K | -4.0% |
| 4 Bedrooms | $762.5K | $760K | -0.3% |
| 5+ Bedrooms | $1.7M | $1.0M | -36.8% |
Summary: 21403 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 36.8%.
Housing Supply in 21403, MD
How many homes are available in 21403, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 136 | +7.1% |
Summary: The 21403 real estate market had 136 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 28 | 27 | -3.6% |
| 3 Bedrooms | 41 | 49 | +19.5% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The 21403 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21403, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 21403 in November 2024, down by 22.2% month-over-month. Of the 28 sold homes, 39% were sold under asking, 32% were sold at asking, and 29% were sold over asking.
Days on Market for 21403, MD
How long does it take to sell a home in 21403, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 21 Days | -24.7% |
Summary: Homes in 21403 had an average of 21 days on market in Nov 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21403 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 21403; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
