Is 20678, 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, 20678 was a Seller's Market.
Housing Prices in 20678, MD
How much do homes in 20678, MD cost?
Median Sold Price
$432,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20678 was $432,500 in March 2024, down 8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $299.9K | $310K | +3.4% |
3 Bedrooms | $358.5K | $385K | +7.4% |
4 Bedrooms | $525.5K | $532.4K | +1.3% |
5+ Bedrooms | $727.5K | $702.5K | -3.4% |
Summary: 20678 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 3.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 20678, MD
How many homes are available in 20678, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 84 | -2.3% |
Summary: The 20678 real estate market had 84 homes for sale in March 2024, a 2.3% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 20678 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 remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 20678 in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for 20678, MD
How long does it take to sell a home in 20678, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 36 Days | -26.6% |
Summary: Homes in 20678 had an average of 36 days on market in Mar 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
6 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, 10 homes were sold in 20678; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.