Is 21770, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21770 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21770 has remained a Seller's Market.

Key Takeaway

21770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21770, MD

How much do homes in 21770, MD cost?

Median Sold Price

$642,500

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+2.8%)

Key Takeaway

Homes in 21770 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 21770 was $642,500 in October 2024, up 2.8% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $425K-
N/A
3 $525K$562K
+7.0%
4 $657.5K$642.5K
-2.3%
5+ $827.5K$875K
+5.7%

Summary: 21770 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 did not change, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

21774
+6.4%
20872
+5.2%
21771
+4.3%
21754
+3.7%
21770
+2.8%

Housing Supply in 21770, MD

How many homes are available in 21770, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1216+33.3%

Summary: The 21770 real estate market had 16 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 812
+50.0%
5+ 22
0.0%

Summary: The 21770 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21770, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 21770 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 21770, MD

How long does it take to sell a home in 21770, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days17 Days+58.2%

Summary: Homes in 21770 had an average of 17 days on market in Oct 2024, up by 58.2% compared to last year.

Breakdown of Home Sale Times

4 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 21770 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 21770; 80% of homes were sold within 30 days, 20% 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 21770, MD

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