Is 20619, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20619 has remained a Seller's Market.
Key Takeaway
20619 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20619, MD
How much do homes in 20619, MD cost?
Median Sold Price
$355,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20619 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 20619 was $355,000 in March 2024, up 1.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $166K | +1.2% |
| 2 Bedrooms | $235K | $230K | -2.1% |
| 3 Bedrooms | $349.9K | $346K | -1.1% |
| 4 Bedrooms | $400K | $415K | +3.8% |
| 5+ Bedrooms | $509.9K | $534.5K | +4.8% |
Summary: 20619 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 20619, MD
How many homes are available in 20619, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 83 | 85 | +2.4% |
Summary: The 20619 real estate market had 85 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 20619 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20619, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 20619 in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 18% were sold under asking, 29% were sold at asking, and 53% were sold over asking.
Days on Market for 20619, MD
How long does it take to sell a home in 20619, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -17.9% |
Summary: Homes in 20619 had an average of 23 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20619 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 20619; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
