Is 21755, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21755 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 21755 was a Seller's Market.

Key Takeaway

21755 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21755, MD

How much do homes in 21755, MD cost?

Median Sold Price

$584,999

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1(0%)

Key Takeaway

The sold price of homes in 21755 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $317.5K$262.5K
-17.3%
3 $540K$589.9K
+9.3%
4 $585K$587.5K
0.4%
5+ $649.9K$732.5K
+12.7%

Summary: 21755 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 17.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

21758
+27.6%
21769
+23.7%
21703
+5.2%
21755
0%

Housing Supply in 21755, MD

How many homes are available in 21755, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The 21755 real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 66
0.0%
4 811
+37.5%
5+ 53
-40.0%

Summary: The 21755 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21755, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 21755 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 21755, MD

How long does it take to sell a home in 21755, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days16 Days-41.0%

Summary: Homes in 21755 had an average of 16 days on market in Oct 2024, down by 41% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21755 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 21755; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 21755, MD

Nearby Markets to 21755, MD