$2,553 Closing Credit*
$215,000
1,442 SqFt
4 Beds
•2 Full Baths
Julie Fritsch, Listing Office: Mackintosh , Inc.
Is 21740, 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, 21740 has remained a Seller's Market.
Key Takeaway
21740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21740, MD
How much do homes in 21740, MD cost?
Median Sold Price
$275,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-3.5%)
Key Takeaway
Homes in 21740 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 21740 was $275,000 in October 2024, down 3.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $131.5K | -24.9% |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $275.7K | $270K | -2.1% |
| 4 Bedrooms | $384.1K | $350K | -8.9% |
| 5+ Bedrooms | $440K | $410K | -6.8% |
Summary: 21740 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Zip Codes
| 21742 | $317.7K | $340K | +7.0% |
| 21740 | $285K | $275K | -3.5% |
Housing Supply in 21740, MD
How many homes are available in 21740, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 255 | +15.9% |
Summary: The 21740 real estate market had 255 homes for sale in October 2024, a 15.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 40 | 53 | +32.5% |
| 3 Bedrooms | 100 | 118 | +18.0% |
| 4 Bedrooms | 63 | 68 | +7.9% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 21740 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 55 | -6.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21740, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 21740 in October 2024, down by 6.8% month-over-month. Of the 55 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for 21740, MD
How long does it take to sell a home in 21740, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +19.1% |
Summary: Homes in 21740 had an average of 23 days on market in Oct 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21740 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in 21740; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
