Is 21655, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21655 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 21655 was a Neutral Market.

Key Takeaway

21655 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21655, MD

How much do homes in 21655, MD cost?

Median Sold Price

$335,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,500(+10.7%)

Key Takeaway

Homes in 21655 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 21655 was $335,000 in October 2024, up 10.7% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $136.5K-
N/A
2 $188.4K$137K
-27.3%
3 $277.7K$335K
+20.6%
4 $392K$350K
-10.7%
5+ $3.1M$370K
-88.1%

Summary: 21655 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 27.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 88.1%.

Median Sold Price Compared To Nearby Zip Codes

21643
+17.4%
21673
+17.1%
21655
+10.7%
21629
-1.1%

Housing Supply in 21655, MD

How many homes are available in 21655, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1918-5.3%

Summary: The 21655 real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 118
-27.3%
4 44
0.0%
5+ 23
+50.0%

Summary: The 21655 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 50%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21655, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 21655 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 21655, MD

How long does it take to sell a home in 21655, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days29 Days+18.4%

Summary: Homes in 21655 had an average of 29 days on market in Oct 2024, up by 18.4% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21655 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 21655; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 21655, MD

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