$8,657 Closing Credit*
$729,000
3,181 SqFt
5 Beds
•3 Full Baths, 1 Partial
John P Ippolito, Listing Office: Redfin Corp
Is 21774, 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, 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
$585,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,112(+6.4%)
Key Takeaway
Homes in 21774 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 21774 was $585,000 in October 2024, up 6.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $354.9K | $375K | +5.6% |
| 3 Bedrooms | $472.5K | $485K | +2.6% |
| 4 Bedrooms | $650K | $661.2K | +1.7% |
| 5+ Bedrooms | $792.5K | $750K | -5.4% |
Summary: 21774 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 5.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 71 | +9.2% |
Summary: The 21774 real estate market had 71 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 21774 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21774, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 21774 in October 2024, up by 5.0% month-over-month. Of the 21 sold homes, 10% were sold under asking, 48% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +27.1% |
Summary: Homes in 21774 had an average of 22 days on market in Oct 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 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 October 2024, 21 homes were sold in 21774; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
