Is 20712, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20712 has remained a Seller's Market.
Key Takeaway
20712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20712, MD
How much do homes in 20712, MD cost?
Median Sold Price
$525,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20712 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 20712 was $525,000 in April 2024, up 3.7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $362.5K | $349.5K | -3.6% |
| 3 Bedrooms | $400K | $433.2K | +8.3% |
| 4 Bedrooms | $544.2K | $530K | -2.6% |
| 5+ Bedrooms | $532.5K | $600K | +12.7% |
Summary: 20712 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Zip Codes
| 20782 | $445K | $490.2K | +10.2% |
| 20712 | $506.5K | $525K | +3.7% |
Housing Supply in 20712, MD
How many homes are available in 20712, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The 20712 real estate market had 13 homes for sale in April 2024, a 18.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 20712 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20712, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20712 in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20712, MD
How long does it take to sell a home in 20712, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 4 Days | -60.0% |
Summary: Homes in 20712 had an average of 4 days on market in Apr 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20712 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 20712; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
