$1,780 Closing Credit*
$149,900
960 SqFt
3 Beds
•1 Full Bath
Sheila Washburn, Listing Office: Benson & Mangold, LLC
Is 21631, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21631 was a Seller's Market.
Key Takeaway
21631 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21631, MD
How much do homes in 21631, MD cost?
Median Sold Price
$275,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,000(-5.5%)
Key Takeaway
Homes in 21631 have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in 21631 was $275,000 in October 2024, down 5.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199K | $228.9K | +15.1% |
| 3 Bedrooms | $277.5K | $266K | -4.2% |
| 4 Bedrooms | $358.7K | $365K | +1.7% |
| 5+ Bedrooms | $1.5M | $400K | -75.0% |
Summary: 21631 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 increased by 15.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 75%.
Median Sold Price Compared To Nearby Zip Codes
| 21643 | $241K | $282.9K | +17.4% |
| 21631 | $291K | $275K | -5.5% |
Housing Supply in 21631, MD
How many homes are available in 21631, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The 21631 real estate market had 16 homes for sale in October 2024, a 14.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 21631 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 increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21631, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 21631 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 21631, MD
How long does it take to sell a home in 21631, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 7 Days | -84.3% |
Summary: Homes in 21631 had an average of 7 days on market in Oct 2024, down by 84.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21631 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 21631; 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.
