Is 21661, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21661 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 21661 was a Seller's Market.

Key Takeaway

21661 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21661, MD

How much do homes in 21661, MD cost?

Median Sold Price

$356,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$61,000(+20.7%)

Key Takeaway

Homes in 21661 have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in 21661 was $356,000 in November 2024, up 20.7% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K$70K
+7.7%
2 $225K$249K
+10.7%
3 $298.7K$340.5K
+14.0%
4 $260K$550K
+111.5%
5+ $880K$960.5K
+9.1%

Summary: 21661 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 111.5%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

21661
+20.7%
21617
+10.6%
21620
+7.4%

Housing Supply in 21661, MD

How many homes are available in 21661, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3437+8.8%

Summary: The 21661 real estate market had 37 homes for sale in November 2024, a 8.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 1821
+16.7%
4 108
-20.0%
5+ 23
+50.0%

Summary: The 21661 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21661, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 21661 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 21661, MD

How long does it take to sell a home in 21661, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
97 Days48 Days-49.9%

Summary: Homes in 21661 had an average of 48 days on market in Nov 2024, down by 49.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were 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 21661 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 21661; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in 21661, MD

Nearby Markets to 21661, MD