Is 21657, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21657 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 21657 was a Buyer's Market.

Key Takeaway

21657 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21657, MD

How much do homes in 21657, MD cost?

Median Sold Price

$410,750

$219/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$39,250(-8.7%)

Key Takeaway

Homes in 21657 have sold for 8.7% less than they did a month ago.

Summary: The median home sold price in 21657 was $410,750 in November 2024, down 8.7% from last month, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $450K$410.7K
-8.7%
4 --
N/A
5+ --
N/A

Summary: 21657 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 21657, MD

How many homes are available in 21657, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The 21657 real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 76
-14.3%
4 00
0.0%
5+ 00
0.0%

Summary: The 21657 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 21657, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 21657 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 21657, MD

How long does it take to sell a home in 21657, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days84 Days+75.0%

Summary: Homes in 21657 had an average of 84 days on market in Nov 2024, up by 75% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 21657 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 21657; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in 21657, MD

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