$2,255 Closing Credit*
$189,900
1,012 SqFt
2 Beds
•1 Full Bath
C.D. Hall, Listing Office: Hall Realty
Is 21851, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 21851 was a Seller's Market.
Key Takeaway
21851 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 October 2023
+$23,000(+10.8%)
Key Takeaway
Homes in 21851 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 21851 was $235,000 in October 2024, up 10.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $130K | $198.3K | +52.5% |
| 3 Bedrooms | $214.5K | $235K | +9.6% |
| 4 Bedrooms | $318.5K | $267.5K | -16.0% |
| 5+ Bedrooms | - | $387.5K | N/A |
Summary: 21851 housing prices by bedroom type for October 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 16%, and 5+ bedroom homes did not change.
Housing Supply in 21851, MD
How many homes are available in 21851, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The 21851 real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 21851 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were 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 4 homes were sold or pending in 21851 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 109 Days | +200.4% |
Summary: Homes in 21851 had an average of 109 days on market in Oct 2024, up by 200.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 4 homes were sold in 21851; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
