$10,000 Closing Credit*
$1,249,000
3,162 SqFt
5 Beds
•3 Full Baths
Justin D Liller, 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 October 2023
Since last year, 21550 has remained a Seller's Market.
Key Takeaway
21550 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21550, MD
How much do homes in 21550, MD cost?
Median Sold Price
$375,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+21.0%)
Key Takeaway
Homes in 21550 have sold for 21% more than they did a year ago.
Summary: The median home sold price in 21550 was $375,000 in October 2024, up 21% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $299.4K | +27.4% |
| 2 Bedrooms | $216.7K | $274.5K | +26.6% |
| 3 Bedrooms | $275K | $297K | +8.0% |
| 4 Bedrooms | $570K | $399.9K | -29.8% |
| 5+ Bedrooms | $612.5K | $988.7K | +61.4% |
Summary: 21550 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes increased by 61.4%.
Housing Supply in 21550, MD
How many homes are available in 21550, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 121 | 112 | -7.4% |
Summary: The 21550 real estate market had 112 homes for sale in October 2024, a 7.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 52 | 42 | -19.2% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 21550 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21550, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 21550 in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 79% were sold under asking, 5% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 47 Days | +16.6% |
Summary: Homes in 21550 had an average of 47 days on market in Oct 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21550 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 21550; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
