21657Cordova, MD Housing Market
$324,000median sale price
The 21657 zip code, located in Cordova, MD, is currently classified as a balanced market. The median sale price stands at $324,000, representing a -14.1% change year over year. Homes in this area spend an average of 151 days on the market before going under contract. There are currently 3 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 21657 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
4
Last 12 weeks
Days on market
151
Average pace
Active listings
3
Sale-to-list
110.8%
Above asking
Market trends
Market analysis for 21657
The 21657 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 110.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 21657 have declined -14.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 21657 stands at $454,228, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
1,437
Median income
$105,648/yr
Median age
50.4 years
Owner-occupied
89.6%
College grads
25.2%
Living in 21657
Zip code 21657 is home to approximately 1,437 residents. The median household income is $105,648 per year, which shapes the types of homes and amenities available in the area. With a median age of 50.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 89.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 25.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 21657.
Frequently asked questions about 21657
What is the median home price in 21657?
The current median sale price in 21657 is $324,000, based on recent Redfin transaction data. Prices have changed -14.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 21657 a buyer's or seller's market?
The 21657 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 21657?
Zip code 21657 has a population of approximately 1,437 residents. The median household income is $105,648 per year. About 89.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 21657?
Properties Incorporated provides comprehensive data for 21657 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 21657 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
Get zip code 21657 market alerts
Weekly updates on prices, inventory, and trends. Free forever.