Is 21904, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21904 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 21904 has remained a Seller's Market.

Key Takeaway

21904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21904, MD

How much do homes in 21904, MD cost?

Median Sold Price

$338,750

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,700(-8.6%)

Key Takeaway

Homes in 21904 have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in 21904 was $338,750 in October 2024, down 8.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$35K
N/A
2 $275K$261K
-5.1%
3 $352.5K$319.9K
-9.2%
4 $514.2K$438K
-14.8%
5+ $612.4K$675K
+10.2%

Summary: 21904 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 decreased by 5.1%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Zip Codes

21903
+15.0%
21911
+9.1%
21904
-8.6%

Housing Supply in 21904, MD

How many homes are available in 21904, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2821-25.0%

Summary: The 21904 real estate market had 21 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 87
-12.5%
4 126
-50.0%
5+ 21
-50.0%

Summary: The 21904 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 16.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21904, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 21904 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 21904, MD

How long does it take to sell a home in 21904, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days18 Days-52.3%

Summary: Homes in 21904 had an average of 18 days on market in Oct 2024, down by 52.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21904 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 21904; 67% of homes were sold within 30 days, 33% 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 22 Days Ago

Newest Listings in 21904, MD

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