Is 20710, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20710 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 20710 has remained a Seller's Market.

Key Takeaway

20710 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20710, MD

How much do homes in 20710, MD cost?

Median Sold Price

$191,500

$152/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$5,537(-2.8%)

Key Takeaway

Homes in 20710 have sold for 2.8% less than they did a month ago.

Summary: The median home sold price in 20710 was $191,500 in February 2024, down 2.8% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $125K-
N/A
2 $130K$93.9K
-27.7%
3 -$295K
N/A
4 $327K-
N/A
5+ --
N/A

Summary: 20710 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 20710, MD

How many homes are available in 20710, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2421-12.5%

Summary: The 20710 real estate market had 21 homes for sale in February 2024, a 12.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 96
-33.3%
3 67
+16.7%
4 44
0.0%
5+ 22
0.0%

Summary: The 20710 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20710, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 20710 in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for 20710, MD

How long does it take to sell a home in 20710, MD?

Average Sale Time

Jan 2024Feb 2024CHANGE
37 Days21 Days-41.2%

Summary: Homes in 20710 had an average of 21 days on market in Feb 2024, down by 41.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20710 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 20710; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 20710, MD

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