Is 20714, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 20714 has remained a Neutral Market.
Housing Prices in 20714, MD
How much do homes in 20714, MD cost?
Median Sold Price
$412,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 20714 was $412,000 in February 2024, up 6.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $270K | $395K | +46.3% |
3 Bedrooms | $387K | $408.5K | +5.6% |
4 Bedrooms | $500K | $463.4K | -7.3% |
5+ Bedrooms | $882.5K | $631K | -28.5% |
Summary: 20714 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 28.5%.
Housing Supply in 20714, MD
How many homes are available in 20714, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Summary: The 20714 real estate market had 43 homes for sale in February 2024, a 6.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 20714 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 20714 in February 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 20714, MD
How long does it take to sell a home in 20714, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
112 Days | 40 Days | -64.0% |
Summary: Homes in 20714 had an average of 40 days on market in Feb 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 20714; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.