$4,928 Closing Credit*
$415,000
1,772 SqFt
3 Beds
•2 Full Baths
Katie Nicholson, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 21701, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$474,600
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,608(+9.1%)
Key Takeaway
Homes in 21701 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 21701 was $474,600 in October 2024, up 9.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $225K | +9.8% |
| 2 Bedrooms | $299.8K | $350K | +16.7% |
| 3 Bedrooms | $425.5K | $449.6K | +5.7% |
| 4 Bedrooms | $503.3K | $539K | +7.1% |
| 5+ Bedrooms | $692.9K | $740.1K | +6.8% |
Summary: 21701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Zip Codes
| 21798 | $460K | $542K | +17.8% |
| 21701 | $434.9K | $474.6K | +9.1% |
| 21774 | $549.8K | $585K | +6.4% |
| 21793 | $415K | $435K | +4.8% |
Housing Supply in 21701, MD
How many homes are available in 21701, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 184 | +17.9% |
Summary: The 21701 real estate market had 184 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 71 | 90 | +26.8% |
| 4 Bedrooms | 42 | 43 | +2.4% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The 21701 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21701, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in 21701 in October 2024, up by 14.0% month-over-month. Of the 49 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -23.8% |
Summary: Homes in 21701 had an average of 15 days on market in Oct 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 49 homes were sold in 21701; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
