Is 21782, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21782 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21782 has remained a Seller's Market.

Key Takeaway

21782 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21782, MD

How much do homes in 21782, MD cost?

Median Sold Price

$380,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,250(+29.8%)

Key Takeaway

Homes in 21782 have sold for 29.8% more than they did a year ago.

Summary: The median home sold price in 21782 was $380,000 in October 2024, up 29.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $312.5K$101.8K
-67.4%
2 $155K$336K
+116.8%
3 $292.7K$345.5K
+18.0%
4 $420K$525K
+25.0%
5+ -$607.5K
N/A

Summary: 21782 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.4%, 2 bedroom homes increased by 116.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 25%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

21782
+29.8%
25443
+18.4%
21713
+14.2%

Housing Supply in 21782, MD

How many homes are available in 21782, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1216+33.3%

Summary: The 21782 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 11
0.0%
2 12
+100.0%
3 610
+66.7%
4 00
0.0%
5+ 43
-25.0%

Summary: The 21782 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21782, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 21782 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 21782, MD

How long does it take to sell a home in 21782, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days53 Days+26.3%

Summary: Homes in 21782 had an average of 53 days on market in Oct 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21782 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 21782; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 21782, MD

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