$10,000 Closing Credit*
$845,000
3,409 SqFt
4 Beds
•4 Full Baths, 1 Partial
Jessica Almodovar, Listing Office: RE/MAX Realty Plus
Is 21704, 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, 21704 has remained a Seller's Market.
Key Takeaway
21704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21704, MD
How much do homes in 21704, MD cost?
Median Sold Price
$638,900
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,400(+7.8%)
Key Takeaway
Homes in 21704 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 21704 was $638,900 in October 2024, up 7.8% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $391.2K | $325K | -16.9% |
| 3 Bedrooms | $515K | $525K | +1.9% |
| 4 Bedrooms | $625K | $675K | +8.0% |
| 5+ Bedrooms | $860K | $930.5K | +8.2% |
Summary: 21704 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 decreased by 16.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 21704, MD
How many homes are available in 21704, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The 21704 real estate market had 53 homes for sale in October 2024, a 17.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 21704 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 remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21704, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 21704 in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 21704, MD
How long does it take to sell a home in 21704, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +100.8% |
Summary: Homes in 21704 had an average of 17 days on market in Oct 2024, up by 100.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21704 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 21704; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
