Is 20646, 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, 20646 has remained a Buyer's Market.
Housing Prices in 20646, MD
How much do homes in 20646, MD cost?
Median Sold Price
$469,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20646 was $469,000 in March 2024, up 5.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.9K | $315K | +1.6% |
3 Bedrooms | $393.6K | $400K | +1.6% |
4 Bedrooms | $535K | $530K | -0.9% |
5+ Bedrooms | $600K | $577.4K | -3.8% |
Summary: 20646 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 increased by 1.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Zip Codes
20675 | $424.9K | $450K | +5.9% |
20646 | $445K | $469K | +5.4% |
20695 | $470K | $469.9K | 0% |
Housing Supply in 20646, MD
How many homes are available in 20646, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
263 | 273 | +3.8% |
Summary: The 20646 real estate market had 273 homes for sale in March 2024, a 3.8% 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 | 20 | 19 | -5.0% |
3 Bedrooms | 87 | 90 | +3.4% |
4 Bedrooms | 100 | 105 | +5.0% |
5+ Bedrooms | 56 | 59 | +5.4% |
Summary: The 20646 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 5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 20646 in March 2024, down by 15.4% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for 20646, MD
How long does it take to sell a home in 20646, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 44 Days | +39.4% |
Summary: Homes in 20646 had an average of 44 days on market in Mar 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 20646; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.