$6,531 Closing Credit*
$550,000
2,421 SqFt
4 Beds
•3 Full Baths
Carla H Viviano, Listing Office: Viviano Realty
Is 21797, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 21797 was a Neutral Market.
Key Takeaway
21797 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21797, MD
How much do homes in 21797, MD cost?
Median Sold Price
$732,500
$283/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$251,500(+52.3%)
Key Takeaway
Homes in 21797 have sold for 52.3% more than they did a month ago.
Summary: The median home sold price in 21797 was $732,500 in November 2024, up 52.3% from last month, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $407K | $505K | +24.1% |
| 4 Bedrooms | $555K | $1.1M | +107.2% |
| 5+ Bedrooms | - | $952.5K | N/A |
Summary: 21797 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 107.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 21797 | $481K | $732.5K | +52.3% |
| 21738 | $1.3M | $872.5K | -32.9% |
Housing Supply in 21797, MD
How many homes are available in 21797, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The 21797 real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 21797 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 28.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21797, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 21797 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 21797, MD
How long does it take to sell a home in 21797, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -35.7% |
Summary: Homes in 21797 had an average of 18 days on market in Nov 2024, down by 35.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21797 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 21797; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
