$6,828 Closing Credit*
$575,000
2,104 SqFt
3 Beds
•2 Full Baths
Ronald K Wilkinson, Listing Office: Long & Foster Real Estate, Inc.
Is 21623, 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, 21623 was a Seller's Market.
Key Takeaway
21623 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 21623, MD
How much do homes in 21623, MD cost?
Median Sold Price
$513,827
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,172(-1.2%)
Key Takeaway
Homes in 21623 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 21623 was $513,827 in November 2024, down 1.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $532.5K | $230K | -56.8% |
| 3 Bedrooms | $384K | $472.5K | +23.0% |
| 4 Bedrooms | $538K | $521.7K | -3.0% |
| 5+ Bedrooms | $685K | $614.6K | -10.3% |
Summary: 21623 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.8%, 3 bedroom homes increased by 23%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Zip Codes
| 21617 | $470K | $519.9K | +10.6% |
| 21623 | $520K | $513.8K | -1.2% |
Housing Supply in 21623, MD
How many homes are available in 21623, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Summary: The 21623 real estate market had 25 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 20 | 14 | -30.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 21623 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21623, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 21623 in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 21623, MD
How long does it take to sell a home in 21623, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 194 Days | 2 Days | -98.8% |
Summary: Homes in 21623 had an average of 2 days on market in Nov 2024, down by 98.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21623 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 21623; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
