$4M  
Over the last 30 days, the 21620 zip code market got positive news with 19 homes sold. It marks an 11.8% increase from last week's report, while also topping the average sales volume for the prior 12 months. At the same time, the 21617 zip code reported 24 home sales, the highest number from all the surrounding zip codes. The median sales price of all transactions in the 21620 zip code did not budge this week, remaining at $195,000. The 21620 zip code is still a definite buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.
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$799K  
The 21620 zip code market is becoming less expensive. While sales came in at 17 homes sold over the last 30 days, price reductions are the highest they've been since August, with 33 reported over the same period. In comparison, 21617 led all other nearby zip codes with 28 price reductions. While the number of price reductions reached a new peak, months of inventory is on a four-week downward trend, this week hitting nine months. The 21620 zip code is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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$585K  
Over the last 30 days, a recent upward trend of new sellers coming into the 21620 zip code market continued, with 32 listings in this week's report. Meanwhile, sales have ticked up as well, with 22 homes selling during the same period. The median sales price dropped to $197,000 over the latest reporting period for the 21620 zip code, down from $199,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 21620 zip code is still a strong buyer's market.
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The 21620 zip code has a population that is younger than most in Maryland with a median age of 43 years. Also, it's less affluent than average with a median income of $56,085 per household. Keep in mind, most people in the 21620 zip code own their homes, with a 56.8% ownership ratio.
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$299K  
In this week's report, the number of homes sold in the 21620 zip code market slid to 21 over the past 30 days, a decrease of 19.2% from last week's report, but still above the monthly average. In comparison, the nearby 21617 zip code had eight sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 21620 zip code, and this period the median price of all sales fell from $204,500 to $199,000. The 21620 zip code is a definite buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$319K  
The number of sellers reducing prices in the 21620 zip code market trended up to 19 over the last 30 days, extending a three-week streak. During the same period, 20 sales were completed. The median sales price remained unchanged over the latest reporting period for the 21620 zip code, coming in at $212,500. The 21620 zip code is still a definite buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
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$569K  
The 21620 zip code market got positive news this week as sales shot up 63.6% to reach 18 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. Within the same time frame, the 21661 zip code had seven sales, the most of all zip codes in the area. The median sales price dropped to $212,500, down from last week's $215,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 21620 zip code is still a definite buyer's market.
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$109K  
A three-week rough patch for the overall sales trend continues in the 21620 zip code market. Also, the actual number of sales dropped 26.7% over the last 30 days, coming in at 11. While sales were soft, months of inventory hit 12, extending an upward trend to four weeks. The downward trend in sales numbers and the high inventory indicate that the 21620 zip code is still a strong buyer's market.
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$545K  
The 21620 zip code market closed in on its 12-month sales average this week as sales climbed 25.0% to reach 15 homes sold over the last 30 days. In comparison, the nearby 21617 zip code had 10 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $215,000, down from last week's $253,317. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning the 21620 zip code is still a definite buyer's market.
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$545K  
21620 is a larger than average zip code in Maryland with 13,129 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 9.3%. The 21620 zip code market almost exclusively consists of detached houses, accounting for 94% of the current homes in the area.
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