Is 20640, 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, 20640 was a Neutral Market.
Housing Prices in 20640, MD
How much do homes in 20640, MD cost?
Median Sold Price
$350,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20640 was $350,000 in March 2024, up 4.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.5K | $297.7K | +68.7% |
2 Bedrooms | $143.9K | $109K | -24.3% |
3 Bedrooms | $348.4K | $353.7K | +1.5% |
4 Bedrooms | $340K | $390K | +14.7% |
5+ Bedrooms | $570K | $526.7K | -7.6% |
Summary: 20640 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.7%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 20640, MD
How many homes are available in 20640, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 98 | 0.0% |
Summary: The 20640 real estate market had 98 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 47 | 49 | +4.3% |
4 Bedrooms | 29 | 27 | -6.9% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 20640 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 20640 in March 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for 20640, MD
How long does it take to sell a home in 20640, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 14 Days | -69.9% |
Summary: Homes in 20640 had an average of 14 days on market in Mar 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 20640; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.