$10,000 Closing Credit*
$865,000
3,521 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kimberly McGuigan, Listing Office: Shore Results Realty
Is 21617, 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, 21617 has remained a Seller's Market.
Key Takeaway
21617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21617, MD
How much do homes in 21617, MD cost?
Median Sold Price
$516,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,500(+9.9%)
Key Takeaway
Homes in 21617 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 21617 was $516,500 in October 2024, up 9.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.3M | - | N/A |
| 2 Bedrooms | $435K | $287.5K | -33.9% |
| 3 Bedrooms | $407.5K | $445K | +9.2% |
| 4 Bedrooms | $483.5K | $550K | +13.8% |
| 5+ Bedrooms | $532K | $625K | +17.5% |
Summary: 21617 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 17.5%.
Housing Supply in 21617, MD
How many homes are available in 21617, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The 21617 real estate market had 51 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 21617 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 17.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21617, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 21617 in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for 21617, MD
How long does it take to sell a home in 21617, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 51 Days | +326.7% |
Summary: Homes in 21617 had an average of 51 days on market in Oct 2024, up by 326.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21617 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 21617; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
