Is 21918, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 21918 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 21918 was a Neutral Market.

Key Takeaway

21918 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 21918, MD

How much do homes in 21918, MD cost?

Median Sold Price

$529,951

$298/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$40,049(-7.0%)

Key Takeaway

Homes in 21918 have sold for 7% less than they did a month ago.

Summary: The median home sold price in 21918 was $529,951 in October 2024, down 7% from last month, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $570K$650K
+14.0%
5+ -$409.9K
N/A

Summary: 21918 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 14%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

21034
+152.1%
21917
+96.6%
21918
-7.0%

Housing Supply in 21918, MD

How many homes are available in 21918, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The 21918 real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 43
-25.0%
5+ 11
0.0%

Summary: The 21918 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 21918, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 21918 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 21918, MD

How long does it take to sell a home in 21918, MD?

Average Sale Time

Sep 2024Oct 2024CHANGE
34 Days44 Days+29.4%

Summary: Homes in 21918 had an average of 44 days on market in Oct 2024, up by 29.4% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 21918 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 21918; 0% of homes were sold within 30 days, 100% 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 20 Days Ago

Newest Listings in 21918, MD

Nearby Markets to 21918, MD