$150,000
0.58 Acres
Land
Nick Fratz-Orr, Listing Office: Railey Realty, Inc.
Is 21541, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 21541 was a Seller's Market.
Key Takeaway
21541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21541, MD
How much do homes in 21541, MD cost?
Median Sold Price
$720,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+5.9%)
Key Takeaway
Homes in 21541 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 21541 was $720,000 in November 2024, up 5.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $45K | +12.5% |
| 2 Bedrooms | $382.5K | $370K | -3.3% |
| 3 Bedrooms | $400K | $475K | +18.8% |
| 4 Bedrooms | $775K | $705K | -9.0% |
| 5+ Bedrooms | $999.9K | $1.0M | +3.3% |
Summary: 21541 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 21541, MD
How many homes are available in 21541, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 84 | 0.0% |
Summary: The 21541 real estate market had 84 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The 21541 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21541, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 21541 in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 21541, MD
How long does it take to sell a home in 21541, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 127 Days | 152 Days | +19.7% |
Summary: Homes in 21541 had an average of 152 days on market in Nov 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 21541 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in 21541; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.
