$4,927 Closing Credit*
$414,900
2,603 SqFt
4 Beds
•3 Full Baths
Earl Sheats, Listing Office: Long & Foster Real Estate, Inc.
Is 21851, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 21851 has remained a Seller's Market.
Key Takeaway
21851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21851, MD
How much do homes in 21851, MD cost?
Median Sold Price
$235,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+9.8%)
Key Takeaway
Homes in 21851 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 21851 was $235,000 in November 2024, up 9.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $130K | $198.3K | +52.5% |
| 3 Bedrooms | $214.5K | $235K | +9.6% |
| 4 Bedrooms | $309K | $267.5K | -13.4% |
| 5+ Bedrooms | $475K | $300K | -36.8% |
Summary: 21851 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 52.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 36.8%.
Housing Supply in 21851, MD
How many homes are available in 21851, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The 21851 real estate market had 47 homes for sale in November 2024, a 4.4% increase 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 21851 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 increased by 8.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 21851, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 21851 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 21851, MD
How long does it take to sell a home in 21851, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 114 Days | +136.3% |
Summary: Homes in 21851 had an average of 114 days on market in Nov 2024, up by 136.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 21851 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in 21851; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
