Is 20707, 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, 20707 was a Seller's Market.
Housing Prices in 20707, MD
How much do homes in 20707, MD cost?
Median Sold Price
$400,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20707 was $400,000 in March 2024, up 3.9% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.5K | $194.5K | -1.0% |
2 Bedrooms | $257.5K | $275K | +6.8% |
3 Bedrooms | $375K | $393K | +4.8% |
4 Bedrooms | $520K | $525K | +1.0% |
5+ Bedrooms | $560.7K | $555K | -1.0% |
Summary: 20707 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 20707, MD
How many homes are available in 20707, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
133 | 147 | +10.5% |
Summary: The 20707 real estate market had 147 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 17 | +21.4% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 49 | 52 | +6.1% |
4 Bedrooms | 31 | 36 | +16.1% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 20707 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 20707 in March 2024, the same as the previous month. Of the 20 sold homes, 15% were sold under asking, 35% were sold at asking, and 50% were sold over asking.
Days on Market for 20707, MD
How long does it take to sell a home in 20707, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -32.7% |
Summary: Homes in 20707 had an average of 14 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 20707; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.