Is 20634, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20634 was a Seller's Market.
Key Takeaway
20634 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20634, MD
How much do homes in 20634, MD cost?
Median Sold Price
$300,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20634 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 20634 was $300,000 in March 2024, down 3.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $190K | +18.8% |
| 2 Bedrooms | $210K | $221.5K | +5.5% |
| 3 Bedrooms | $255K | $268K | +5.1% |
| 4 Bedrooms | $363K | $364.9K | 0.5% |
| 5+ Bedrooms | $389.5K | $452.5K | +16.2% |
Summary: 20634 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 20634, MD
How many homes are available in 20634, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The 20634 real estate market had 24 homes for sale in March 2024, a 4.3% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 20634 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 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20634, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 20634 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 20634, MD
How long does it take to sell a home in 20634, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 35 Days | +146.5% |
Summary: Homes in 20634 had an average of 35 days on market in Mar 2024, up by 146.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20634 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 20634; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
