$3,206 Closing Credit*
$270,000
1,296 SqFt
3 Beds
•1 Full Bath
Brent Daniel Housley, Listing Office: Railey Realty, Inc.
Is 21550, 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, 21550 has remained a Buyer's Market.
Key Takeaway
21550 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21550, MD
How much do homes in 21550, MD cost?
Median Sold Price
$375,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,697(+17.4%)
Key Takeaway
Homes in 21550 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 21550 was $375,000 in November 2024, up 17.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $299.4K | +36.1% |
| 2 Bedrooms | $215.5K | $290K | +34.6% |
| 3 Bedrooms | $270.5K | $297K | +9.8% |
| 4 Bedrooms | $557.5K | $364.9K | -34.5% |
| 5+ Bedrooms | $612.5K | $879K | +43.5% |
Summary: 21550 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 34.5%, and 5+ bedroom homes increased by 43.5%.
Housing Supply in 21550, MD
How many homes are available in 21550, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 95 | -5.9% |
Summary: The 21550 real estate market had 95 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 39 | 35 | -10.3% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The 21550 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 10 | -52.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21550, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 21550 in November 2024, down by 52.4% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 21550, MD
How long does it take to sell a home in 21550, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 78 Days | +113.1% |
Summary: Homes in 21550 had an average of 78 days on market in Nov 2024, up by 113.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 21550 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 21550; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
