$5,047 Closing Credit*
$425,000
1,734 SqFt
4 Beds
•2 Full Baths
Carolyn A Young, 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 October 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
$405,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.2%)
Key Takeaway
Homes in 21703 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 21703 was $405,000 in October 2024, up 5.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $295K | +1.7% |
| 3 Bedrooms | $382.3K | $400K | +4.6% |
| 4 Bedrooms | $505K | $545.9K | +8.1% |
| 5+ Bedrooms | $590K | $735K | +24.6% |
Summary: 21703 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 24.6%.
Housing Supply in 21703, MD
How many homes are available in 21703, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 120 | +11.1% |
Summary: The 21703 real estate market had 120 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 23 | +64.3% |
| 3 Bedrooms | 65 | 69 | +6.2% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 21703 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 64.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 29 | -40.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21703, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 21703 in October 2024, down by 40.8% month-over-month. Of the 29 sold homes, 17% were sold under asking, 38% were sold at asking, and 45% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +62.1% |
Summary: Homes in 21703 had an average of 16 days on market in Oct 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21703 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 21703; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
