Is 20607, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
At the same time last year, 20607 was a Seller's Market.
Key Takeaway
20607 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 20607, MD cost?
Median Sold Price
$474,470
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
-$51,530(-9.8%)
Key Takeaway
Homes in 20607 have sold for 9.8% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $353K | $272.5K | -22.8% |
| 3 Bedrooms | $360K | $397.4K | +10.4% |
| 4 Bedrooms | $550K | $525K | -4.5% |
| 5+ Bedrooms | $600K | $568.5K | -5.3% |
How many homes are available in 20607, MD?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 68 | 65 | -4.4% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 21 | 16 | -23.8% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20607, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Average Sale Time
| Apr 2022 | Apr 2023 | % |
|---|---|---|
| 9 Days | 57 Days | +525.6% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20607 are selling fast, if you're buying plan to act quickly.
