$10,000 Closing Credit*
$1,100,000
5,093 SqFt
6 Beds
•5 Full Baths, 1 Partial
MAAHEEN ASIF, Listing Office: Real Estate Professionals, Inc.
Is 21771, 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, 21771 has remained a Seller's Market.
Key Takeaway
21771 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21771, MD
How much do homes in 21771, MD cost?
Median Sold Price
$600,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.3%)
Key Takeaway
Homes in 21771 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 21771 was $600,000 in October 2024, up 4.3% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $361.2K | $380K | +5.2% |
| 3 Bedrooms | $465.1K | $475K | +2.1% |
| 4 Bedrooms | $645K | $700K | +8.5% |
| 5+ Bedrooms | $835K | $809.9K | -3.0% |
Summary: 21771 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 increased by 5.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 21771, MD
How many homes are available in 21771, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Summary: The 21771 real estate market had 81 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 21771 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 20%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21771, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 21771 in October 2024, down by 26.7% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for 21771, MD
How long does it take to sell a home in 21771, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +73.8% |
Summary: Homes in 21771 had an average of 28 days on market in Oct 2024, up by 73.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21771 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 21771; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
