Is 21784, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21784 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21784 has remained a Seller's Market.

Key Takeaway

21784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21784, MD

How much do homes in 21784, MD cost?

Median Sold Price

$532,600

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,600(+12.1%)

Key Takeaway

Homes in 21784 have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in 21784 was $532,600 in November 2024, up 12.1% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $190K$203.5K
+7.1%
2 $270K$274.5K
+1.7%
3 $415K$455.5K
+9.8%
4 $603.7K$645K
+6.8%
5+ $800K$687.5K
-14.1%

Summary: 21784 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Zip Codes

21784
+12.1%
21104
+3.1%
21048
-2.8%

Housing Supply in 21784, MD

How many homes are available in 21784, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10694-11.3%

Summary: The 21784 real estate market had 94 homes for sale in November 2024, a 11.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1615
-6.3%
3 4641
-10.9%
4 3027
-10.0%
5+ 1311
-15.4%

Summary: The 21784 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4426-40.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21784, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 21784 in November 2024, down by 40.9% month-over-month. Of the 26 sold homes, 19% were sold under asking, 38% were sold at asking, and 42% were sold over asking.

Days on Market for 21784, MD

How long does it take to sell a home in 21784, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days12 Days-48.8%

Summary: Homes in 21784 had an average of 12 days on market in Nov 2024, down by 48.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21784 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 21784; 85% of homes were sold within 30 days, 15% 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 17 Days Ago

Newest Listings in 21784, MD

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