Is 21911, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21911 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 21911 was a Neutral Market.

Key Takeaway

21911 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21911, MD

How much do homes in 21911, MD cost?

Median Sold Price

$360,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+9.1%)

Key Takeaway

Homes in 21911 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 21911 was $360,000 in October 2024, up 9.1% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $280K$233K
-16.8%
3 $307.5K$349.9K
+13.8%
4 $380K$432.5K
+13.8%
5+ $376.9K$390K
+3.5%

Summary: 21911 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 16.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

21911
+9.1%
19362
+7.0%
21904
-8.6%

Housing Supply in 21911, MD

How many homes are available in 21911, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2116-23.8%

Summary: The 21911 real estate market had 16 homes for sale in October 2024, a 23.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 118
-27.3%
4 85
-37.5%
5+ 12
+100.0%

Summary: The 21911 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 remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

1 Home Was 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 21911, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 21911 in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 21911, MD

How long does it take to sell a home in 21911, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
129 Days14 Days-88.8%

Summary: Homes in 21911 had an average of 14 days on market in Oct 2024, down by 88.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 21911 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 21911; 75% of homes were sold within 30 days, 25% 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 21911, MD

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