Is 21662, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21662 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 21662 has remained a Seller's Market.

Key Takeaway

21662 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21662, MD

How much do homes in 21662, MD cost?

Median Sold Price

$2,425,000

$487/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$822,990(+51.4%)

Key Takeaway

Homes in 21662 have sold for 51.4% more than they did a month ago.

Summary: The median home sold price in 21662 was $2,425,000 in November 2024, up 51.4% from last month, and the median price per square foot was $487.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $1.6M$3.2M
+102.9%
5+ -$1.6M
N/A

Summary: 21662 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 did not change, 4 bedroom homes increased by 102.9%, and 5+ bedroom homes did not change.

Housing Supply in 21662, MD

How many homes are available in 21662, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The 21662 real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 76
-14.3%
5+ 22
0.0%

Summary: The 21662 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 increased by 100%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

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 21662, 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 21662 in November 2024, the same as the previous 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 21662, MD

How long does it take to sell a home in 21662, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
92 Days103 Days+12.0%

Summary: Homes in 21662 had an average of 103 days on market in Nov 2024, up by 12% 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 21662 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 21662; 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 21662, MD

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