Is 20650, 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, 20650 was a Seller's Market.
Housing Prices in 20650, MD
How much do homes in 20650, MD cost?
Median Sold Price
$526,282
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20650 was $526,282 in March 2024, up 3.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $379.9K | $277.5K | -27.0% |
3 Bedrooms | $399.9K | $400K | 0.0% |
4 Bedrooms | $535K | $556.4K | +4.0% |
5+ Bedrooms | $615K | $625K | +1.6% |
Summary: 20650 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 decreased by 27%, 3 bedroom homes did not change, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Zip Codes
20636 | $423.7K | $500K | +18.0% |
20650 | $509.5K | $526.2K | +3.3% |
Housing Supply in 20650, MD
How many homes are available in 20650, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 110 | -1.8% |
Summary: The 20650 real estate market had 110 homes for sale in March 2024, a 1.8% decrease 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 | 7 | 5 | -28.6% |
3 Bedrooms | 36 | 34 | -5.6% |
4 Bedrooms | 48 | 49 | +2.1% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 20650 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 28.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 20650 in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for 20650, MD
How long does it take to sell a home in 20650, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 36 Days | +126.5% |
Summary: Homes in 20650 had an average of 36 days on market in Mar 2024, up by 126.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 20650; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.