$8,538 Closing Credit*
$719,000
3 Beds
•2 Full Baths
Renee D Hill, Listing Office: Douglas Realty LLC
Is 21638, 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, 21638 was a Seller's Market.
Key Takeaway
21638 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 21638, MD
How much do homes in 21638, MD cost?
Median Sold Price
$574,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+4.2%)
Key Takeaway
Homes in 21638 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 21638 was $574,000 in October 2024, up 4.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106K | - | N/A |
| 2 Bedrooms | $465K | $257.5K | -44.6% |
| 3 Bedrooms | $435K | $522.5K | +20.1% |
| 4 Bedrooms | $705K | $679.9K | -3.5% |
| 5+ Bedrooms | $790K | $650K | -17.7% |
Summary: 21638 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 44.6%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in 21638, MD
How many homes are available in 21638, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Summary: The 21638 real estate market had 44 homes for sale in October 2024, a 18.9% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 21638 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 increased by 12.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21638, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 21638 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 21638, MD
How long does it take to sell a home in 21638, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 9 Days | -55.2% |
Summary: Homes in 21638 had an average of 9 days on market in Oct 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
7 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 21638 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 21638; 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.
