Is 21903, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21903 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 21903 was a Seller's Market.

Key Takeaway

21903 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 21903, MD

How much do homes in 21903, MD cost?

Median Sold Price

$357,500

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,500(+15.0%)

Key Takeaway

Homes in 21903 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 21903 was $357,500 in October 2024, up 15% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $316.5K$357.5K
+13.0%
3 $261K$312.5K
+19.7%
4 $380K$430K
+13.2%
5+ $441.6K$449.9K
+1.9%

Summary: 21903 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 13%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

21903
+15.0%
21901
+11.6%
21904
-8.6%

Housing Supply in 21903, MD

How many homes are available in 21903, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2219-13.6%

Summary: The 21903 real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1410
-28.6%
4 45
+25.0%
5+ 10
-100.0%

Summary: The 21903 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 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21903, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 21903 in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 21903, MD

How long does it take to sell a home in 21903, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days13 Days-44.2%

Summary: Homes in 21903 had an average of 13 days on market in Oct 2024, down by 44.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21903 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 21903; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 21903, MD

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