Is 20715, 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, 20715 has remained a Seller's Market.
Housing Prices in 20715, MD
How much do homes in 20715, MD cost?
Median Sold Price
$470,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20715 was $470,000 in March 2024, up 3.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $199K | +2.1% |
2 Bedrooms | $323.7K | $307.5K | -5.0% |
3 Bedrooms | $440K | $460K | +4.5% |
4 Bedrooms | $455K | $475K | +4.4% |
5+ Bedrooms | $562.5K | $528K | -6.1% |
Summary: 20715 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 20715, MD
How many homes are available in 20715, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 102 | +1.0% |
Summary: The 20715 real estate market had 102 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 54 | 48 | -11.1% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 20715 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 increased by 100%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 20715 in March 2024, up by 10.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 33% were sold at asking, and 43% were sold over asking.
Days on Market for 20715, MD
How long does it take to sell a home in 20715, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 17 Days | -55.4% |
Summary: Homes in 20715 had an average of 17 days on market in Mar 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
18 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, 21 homes were sold in 20715; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.