Is 21795, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21795 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 21795 has remained a Seller's Market.

Key Takeaway

21795 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21795, MD

How much do homes in 21795, MD cost?

Median Sold Price

$335,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+9.8%)

Key Takeaway

Homes in 21795 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 21795 was $335,000 in November 2024, up 9.8% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127.5K-
N/A
2 $182.5K$208.4K
+14.2%
3 $305K$315K
+3.3%
4 $376.4K$462.5K
+22.9%
5+ $509.9K$588.8K
+15.5%

Summary: 21795 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 14.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Zip Codes

21795
+9.8%
25419
+3.4%
21740
-2.8%

Housing Supply in 21795, MD

How many homes are available in 21795, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4142+2.4%

Summary: The 21795 real estate market had 42 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1916
-15.8%
4 1114
+27.3%
5+ 56
+20.0%

Summary: The 21795 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 remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
617+183.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21795, 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 21795 in November 2024, up by 183.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 35% were sold at asking, and 41% were sold over asking.

Days on Market for 21795, MD

How long does it take to sell a home in 21795, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days36 Days+1.6%

Summary: Homes in 21795 had an average of 36 days on market in Nov 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21795 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 21795; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

Newest Listings in 21795, MD

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