Is 21817, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21817 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 21817 was a Seller's Market.

Key Takeaway

21817 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 21817, MD

How much do homes in 21817, MD cost?

Median Sold Price

$179,900

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$50(0%)

Key Takeaway

The sold price of homes in 21817 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $27.5K-
N/A
2 $122.5K$132.5K
+8.2%
3 $211K$200K
-5.2%
4 $170.5K$195.5K
+14.7%
5+ $272.5K$115K
-57.8%

Summary: 21817 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 8.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 57.8%.

Median Sold Price Compared To Nearby Zip Codes

21838
+54.2%
21817
0%

Housing Supply in 21817, MD

How many homes are available in 21817, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6468+6.3%

Summary: The 21817 real estate market had 68 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 4547
+4.4%
4 1010
0.0%
5+ 44
0.0%

Summary: The 21817 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 increased by 40%, 3 bedroom homes increased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21817, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 21817 in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for 21817, MD

How long does it take to sell a home in 21817, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
96 Days73 Days-23.5%

Summary: Homes in 21817 had an average of 73 days on market in Nov 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 21817 has remained consistent over time.

Summary: During November 2024, 9 homes were sold in 21817; 22% of homes were sold within 30 days, 44% 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 22 Days Ago

Newest Listings in 21817, MD

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