Is 20637, 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, 20637 has remained a Buyer's Market.
Housing Prices in 20637, MD
How much do homes in 20637, MD cost?
Median Sold Price
$625,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20637 was $625,000 in March 2024, down 3.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $330K | N/A |
3 Bedrooms | $580K | $522.4K | -9.9% |
4 Bedrooms | $645K | $634.3K | -1.7% |
5+ Bedrooms | $677.5K | $625K | -7.7% |
Summary: 20637 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Zip Codes
20622 | $427.7K | $510K | +19.2% |
20637 | $645K | $625K | -3.1% |
Housing Supply in 20637, MD
How many homes are available in 20637, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 97 | +7.8% |
Summary: The 20637 real estate market had 97 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 39 | 44 | +12.8% |
5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The 20637 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 20637 in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for 20637, MD
How long does it take to sell a home in 20637, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 68 Days | +819.9% |
Summary: Homes in 20637 had an average of 68 days on market in Mar 2024, up by 819.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 20637; 56% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.