Is 21658, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21658 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 21658 was a Seller's Market.

Key Takeaway

21658 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 21658, MD

How much do homes in 21658, MD cost?

Median Sold Price

$550,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$168,000(-23.4%)

Key Takeaway

Homes in 21658 have sold for 23.4% less than they did a year ago.

Summary: The median home sold price in 21658 was $550,000 in November 2024, down 23.4% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $360K$350K
-2.8%
3 $527.5K$470K
-10.9%
4 $703.5K$725K
+3.1%
5+ $920K$1.9M
+110.6%

Summary: 21658 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 110.6%.

Median Sold Price Compared To Nearby Zip Codes

21617
+10.6%
21658
-23.4%

Housing Supply in 21658, MD

How many homes are available in 21658, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1914-26.3%

Summary: The 21658 real estate market had 14 homes for sale in November 2024, a 26.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 55
0.0%
5+ 85
-37.5%

Summary: The 21658 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21658, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 21658 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 21658, MD

How long does it take to sell a home in 21658, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
71 Days5 Days-92.3%

Summary: Homes in 21658 had an average of 5 days on market in Nov 2024, down by 92.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 21658 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 21658; 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 17 Days Ago

Newest Listings in 21658, MD

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