$6,757 Closing Credit*
$569,000
2,997 SqFt
5 Beds
•2 Full Baths, 1 Partial
Carlos J Fuentes, Listing Office: Samson Properties
Is 21703, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 21703 has remained a Seller's Market.
Key Takeaway
21703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21703, MD
How much do homes in 21703, MD cost?
Median Sold Price
$410,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$24,277(+6.3%)
Key Takeaway
Homes in 21703 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 21703 was $410,000 in December 2024, up 6.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $293.5K | $295K | 0.5% |
| 3 Bedrooms | $381.1K | $400K | +4.9% |
| 4 Bedrooms | $519.9K | $548K | +5.4% |
| 5+ Bedrooms | $667K | $740K | +10.9% |
Summary: 21703 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Zip Codes
| 21703 | $385.7K | $410K | +6.3% |
| 21704 | $600K | $632.5K | +5.4% |
Housing Supply in 21703, MD
How many homes are available in 21703, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 107 | 102 | -4.7% |
Summary: The 21703 real estate market had 102 homes for sale in December 2024, a 4.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 21703 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21703, you could pay more than the asking price. 42.2% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in 21703 in December 2024, up by 21.6% month-over-month. Of the 45 sold homes, 31% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for 21703, MD
How long does it take to sell a home in 21703, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +44.6% |
Summary: Homes in 21703 had an average of 18 days on market in Dec 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21703 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 45 homes were sold in 21703; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
