Is 20639, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20639 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 20639 has remained a Buyer's Market.

Key Takeaway

20639 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 20639, MD

How much do homes in 20639, MD cost?

Median Sold Price

$690,000

$196/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$280,000(+68.3%)

Key Takeaway

Homes in 20639 have sold for 68.3% more than they did a month ago.

Summary: The median home sold price in 20639 was $690,000 in February 2024, up 68.3% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $410K$690K
+68.3%
4 $603.1K$557.5K
-7.6%
5+ -$744.9K
N/A

Summary: 20639 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 68.3%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

20639
+68.3%
20689
-43.3%

Housing Supply in 20639, MD

How many homes are available in 20639, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8991+2.2%

Summary: The 20639 real estate market had 91 homes for sale in February 2024, a 2.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1918
-5.3%
4 3837
-2.6%
5+ 3135
+12.9%

Summary: The 20639 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20639, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 20639 in February 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.

Days on Market for 20639, MD

How long does it take to sell a home in 20639, MD?

Average Sale Time

Jan 2024Feb 2024CHANGE
33 Days36 Days+8.7%

Summary: Homes in 20639 had an average of 36 days on market in Feb 2024, up by 8.7% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20639 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in 20639; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 20639, MD

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