$4,513 Closing Credit*
$380,000
2,584 SqFt
4 Beds
•1 Full Bath, 1 Partial
William Rabbitt, Listing Office: The Southside Group Real Estate
Is 21623, 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, 21623 has remained a Seller's Market.
Key Takeaway
21623 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21623, MD
How much do homes in 21623, MD cost?
Median Sold Price
$513,290
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,340(+4.8%)
Key Takeaway
Homes in 21623 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 21623 was $513,290 in October 2024, up 4.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $532.5K | $230K | -56.8% |
| 3 Bedrooms | $338.9K | $473.7K | +39.8% |
| 4 Bedrooms | $538K | $521.7K | -3.0% |
| 5+ Bedrooms | $685K | $614.6K | -10.3% |
Summary: 21623 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 56.8%, 3 bedroom homes increased by 39.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Zip Codes
| 21617 | $470K | $516.5K | +9.9% |
| 21623 | $489.9K | $513.2K | +4.8% |
Housing Supply in 21623, MD
How many homes are available in 21623, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The 21623 real estate market had 31 homes for sale in October 2024, a 8.8% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 21623 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 decreased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21623, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 21623 in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -40.5% |
Summary: Homes in 21623 had an average of 6 days on market in Oct 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
12 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 October 2024, 12 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.
