$379K  
The 21871 zip code market looked busy this week as sales climbed 50.0% to hit three homes sold over the last 30 days. In comparison, the nearby 21851 zip code had five sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped dramatically to $130,500, down from last week's $274,500.
Comments:

$395K  
21871 is a zip code that is growing slower than others in Maryland at a 10-year growth rate of 9.4%. It also has an average-sized population of 5,447 people. Homes in the 21871 zip code are relatively old with a median age of 35 years. The best school in the zip code is Somerset 6/7 Intermediate School.
Comments:

$395K  
The 21871 zip code market pulled back this week but was still better than normal as sales dropped 33.3% to two homes sold over the last 30 days. Within the same time frame, the 21851 zip code had eight sales, the most of all zip codes in the area. Months of inventory is on a four-week downward trend, this week hitting 10 months. The 21871 zip code is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$119K  
The 21871 zip code market pulled back this week but was still better than normal as sales dropped 25.0% to three homes sold over the last 30 days. Within the same time frame, the 21851 zip code had seven sales, the most of all zip codes in the area. The price of homes sold went down with the average selling price hitting a three-month low at $14,000.
Comments:

$239K  
This week in the 21871 zip code market, sales rose to four homes sold over the last 30 days, even with a new downward trend in price reductions, with one in the same time frame. The median sales price climbed to $84,500 over the latest reporting period for the 21871 zip code, up from $83,750.
Comments:

$179K  
While home sales in the 21871 zip code market have been above average, in this week's report they fell 33.3% to two homes sold over the last 30 days. Within the same time frame, the 21851 zip code had nine sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 21871 zip code, and for this period the median sales price slid from $105,000 to $83,750. The 21871 zip code is a strong buyer's market, thanks to a big 12 months of inventory to choose from and a pullback in sales.
Comments:

$119K  
The 21871 zip code has a population that is older than most in Maryland with a median age of 38 years. Also, it's much less affluent than average with a median income of $43,897 per household. Keep in mind, most people in the 21871 zip code own their homes, with a 59.6% ownership ratio. The top school in the zip code is Somerset 6/7 Intermediate School.
Comments:

$179K  
The 21871 zip code market will be less selective in the coming weeks. Sales rose this week to three homes sold over the last 30 days, and there is an identifiable downward trend in the number of new listings, with zero going live in the same time frame. Prices are falling in the 21871 zip code, and this period the median price of all sales fell from $130,000 to $105,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 21871 zip code is still a solid buyer's market.
Comments:

$179K  
The number of home sales in the 21871 zip code market rose 100.0% to two homes over the last 30 days, exceeding the 1.7 monthly average for the last 12 months. In comparison, the nearby 21851 zip code had six sales in the same time frame, the most of all neighboring zip codes. The median sales price jumped to $130,000 over the latest reporting period for the 21871 zip code, up from $105,000. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning the 21871 zip code is still a definite buyer's market.
Comments:

$379K  
Home sales in the 21871 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 50.0% to one home sold over the last 30 days. In comparison, the nearby 21853 zip code had seven sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $105,000 over the latest reporting period for the 21871 zip code, down from $115,000. The 21871 zip code is a definite buyer's market, thanks to a big 25 months of inventory to choose from and a pullback in sales.
Comments:
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