Is 20695, 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, 20695 was a Seller's Market.
Key Takeaway
20695 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20695, MD
How much do homes in 20695, MD cost?
Median Sold Price
$469,950
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 20695 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $366.5K | $408K | +11.3% |
| 3 Bedrooms | $435K | $445K | +2.3% |
| 4 Bedrooms | $497.4K | $535K | +7.5% |
| 5+ Bedrooms | $565K | $601.1K | +6.4% |
Summary: 20695 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 11.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 20695, MD
How many homes are available in 20695, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 111 | +4.7% |
Summary: The 20695 real estate market had 111 homes for sale in March 2024, a 4.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The 20695 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 increased by 7.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20695, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 20695 in March 2024, up by 100.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 20695, MD
How long does it take to sell a home in 20695, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -25.0% |
Summary: Homes in 20695 had an average of 20 days on market in Mar 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20695 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 20695; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
