$4,453 Closing Credit*
$375,000
982 SqFt
1 Bed
•1 Full Bath
Bobbi Prescott, Listing Office: RE/MAX Results
Is 21701, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21701 has remained a Seller's Market.
Key Takeaway
21701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21701, MD
How much do homes in 21701, MD cost?
Median Sold Price
$471,837
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,847(+7.2%)
Key Takeaway
Homes in 21701 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 21701 was $471,837 in November 2024, up 7.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $230K | +9.5% |
| 2 Bedrooms | $299.9K | $346K | +15.4% |
| 3 Bedrooms | $429.5K | $448.8K | +4.5% |
| 4 Bedrooms | $504.1K | $525K | +4.1% |
| 5+ Bedrooms | $692.9K | $739.9K | +6.8% |
Summary: 21701 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Zip Codes
| 21798 | $468.2K | $542K | +15.8% |
| 21774 | $550K | $589.9K | +7.3% |
| 21701 | $439.9K | $471.8K | +7.2% |
| 21793 | $410K | $436.5K | +6.5% |
Housing Supply in 21701, MD
How many homes are available in 21701, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 172 | 153 | -11.0% |
Summary: The 21701 real estate market had 153 homes for sale in November 2024, a 11.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 82 | 73 | -11.0% |
| 4 Bedrooms | 37 | 27 | -27.0% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 21701 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 42 | -23.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21701, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 21701 in November 2024, down by 23.6% month-over-month. Of the 42 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 21701, MD
How long does it take to sell a home in 21701, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | +1.8% |
Summary: Homes in 21701 had an average of 25 days on market in Nov 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21701 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 21701; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
