Is 20657, 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, 20657 was a Buyer's Market.
Housing Prices in 20657, MD
How much do homes in 20657, MD cost?
Median Sold Price
$339,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20657 was $339,000 in March 2024, up 2.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $284.4K | N/A |
2 Bedrooms | $260K | $250K | -3.8% |
3 Bedrooms | $309.9K | $311K | 0.3% |
4 Bedrooms | $350K | $360K | +2.9% |
5+ Bedrooms | $379K | $385K | +1.6% |
Summary: 20657 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 3.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Zip Codes
20657 | $329.9K | $339K | +2.7% |
20685 | $467K | $422.5K | -9.5% |
Housing Supply in 20657, MD
How many homes are available in 20657, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 143 | +8.3% |
Summary: The 20657 real estate market had 143 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 57 | 57 | 0.0% |
4 Bedrooms | 34 | 47 | +38.2% |
5+ Bedrooms | 29 | 26 | -10.3% |
Summary: The 20657 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 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.2%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 27 | +92.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 20657 in March 2024, up by 92.9% month-over-month. Of the 27 sold homes, 19% were sold under asking, 37% were sold at asking, and 44% were sold over asking.
Days on Market for 20657, MD
How long does it take to sell a home in 20657, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 33 Days | -26.0% |
Summary: Homes in 20657 had an average of 33 days on market in Mar 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 20657; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.