Is 20708, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20708 has remained a Seller's Market.
Housing Prices in 20708, MD
How much do homes in 20708, MD cost?
Median Sold Price
$477,817
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20708 was $477,817 in March 2024, up 3.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.5K | $230K | +7.2% |
2 Bedrooms | $281.2K | $290K | +3.1% |
3 Bedrooms | $455K | $399.9K | -12.1% |
4 Bedrooms | $490K | $543.4K | +10.9% |
5+ Bedrooms | $535K | $570K | +6.5% |
Summary: 20708 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 20708, MD
How many homes are available in 20708, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The 20708 real estate market had 60 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 20708 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 4.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 20708 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.
Days on Market for 20708, MD
How long does it take to sell a home in 20708, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 19 Days | -43.5% |
Summary: Homes in 20708 had an average of 19 days on market in Mar 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 20708; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.