$6,234 Closing Credit*
$525,000
2,430 SqFt
3 Beds
•3 Full Baths, 1 Partial
Sarah A. Reynolds, Listing Office: Keller Williams Chantilly Ventures
Is 21716, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21716 was a Seller's Market.
Key Takeaway
21716 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 21716, MD
How much do homes in 21716, MD cost?
Median Sold Price
$396,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,500(+4.9%)
Key Takeaway
Homes in 21716 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 21716 was $396,000 in October 2024, up 4.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $257.5K | $231K | -10.3% |
| 3 Bedrooms | $325K | $330.5K | +1.7% |
| 4 Bedrooms | $442.5K | $519.9K | +17.5% |
| 5+ Bedrooms | $685.3K | $652.5K | -4.8% |
Summary: 21716 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 10.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 21716, MD
How many homes are available in 21716, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The 21716 real estate market had 43 homes for sale in October 2024, a 30.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 21716 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 33.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21716, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 21716 in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 21716, MD
How long does it take to sell a home in 21716, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 12 Days | -66.0% |
Summary: Homes in 21716 had an average of 12 days on market in Oct 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21716 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 21716; 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.
