$5,938 Closing Credit*
$500,000
2,068 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Michael Thompson, Listing Office: Samson Properties
Is 21774, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21774 has remained a Seller's Market.
Key Takeaway
21774 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21774, MD
How much do homes in 21774, MD cost?
Median Sold Price
$589,900
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,900(+7.3%)
Key Takeaway
Homes in 21774 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 21774 was $589,900 in November 2024, up 7.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349.9K | $375K | +7.2% |
| 3 Bedrooms | $474.9K | $485K | +2.1% |
| 4 Bedrooms | $642.5K | $665K | +3.5% |
| 5+ Bedrooms | $792.5K | $750K | -5.4% |
Summary: 21774 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 21774, MD
How many homes are available in 21774, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Summary: The 21774 real estate market had 66 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 21774 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21774, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 21774 in November 2024, down by 19.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for 21774, MD
How long does it take to sell a home in 21774, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 26 Days | +125.2% |
Summary: Homes in 21774 had an average of 26 days on market in Nov 2024, up by 125.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 21774 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 21774; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
