21727 Zip Code Real Estate Market Continues Downward Trend in Contracts

Over the last 30 days, the 21727 zip code market was steady and saw nine homes sold. However, the number of pending transactions continued to decline, with a total of seven transactions during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are rising in the 21727 zip code, and the median sales price this period increased from $136,605 to $145,000. Despite the falling contracts numbers, there is only one month of inventory remaining, indicating that the 21727 zip code is a still definite seller's market.

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Demographic facts for the 21727 zip code:

  • Over the past 10 years, the population has increased 8.7%.
  • The lifestyle rating here is 59. (Scale: 1 = Worst, 100 = Best)
  • 72.5% of the residents travel to work in an automobile, 14.2% via carpool, and 1.1% by way of public transit.

Data reported through 1/11/2017

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RE/MAX Results
22 reviews
Real Estate Teams, LLC
Snapped 2 homes in this area

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