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 November 2023

At the same time last year, 21904 was a Neutral 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

$337,500

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$32,400(-8.8%)

Key Takeaway

Homes in 21904 have sold for 8.8% less than they did a year ago.

Summary: The median home sold price in 21904 was $337,500 in November 2024, down 8.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$35K
N/A
2 $275K$260K
-5.5%
3 $345K$315K
-8.7%
4 $499.6K$437.5K
-12.4%
5+ $625K$675K
+8.0%

Summary: 21904 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 decreased by 5.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

21917
+32.9%
21903
+13.5%
21911
+3.7%
21918
+2.0%
21904
-8.8%

Housing Supply in 21904, MD

How many homes are available in 21904, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2117-19.0%

Summary: The 21904 real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 75
-28.6%
4 56
+20.0%
5+ 22
0.0%

Summary: The 21904 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 decreased by 42.9%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 21904 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
6 Days24 Days+302.8%

Summary: Homes in 21904 had an average of 24 days on market in Nov 2024, up by 302.8% 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 November 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 24 Days Ago

Newest Listings in 21904, MD

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