Is 20720, 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, 20720 has remained a Seller's Market.
Housing Prices in 20720, MD
How much do homes in 20720, MD cost?
Median Sold Price
$569,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20720 was $569,900 in March 2024, down 6.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $297.5K | $310K | +4.2% |
3 Bedrooms | $420K | $481K | +14.5% |
4 Bedrooms | $655K | $621K | -5.2% |
5+ Bedrooms | $720K | $690K | -4.2% |
Summary: 20720 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 20720, MD
How many homes are available in 20720, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 96 | -4.0% |
Summary: The 20720 real estate market had 96 homes for sale in March 2024, a 4.0% decrease 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 | 5 | 3 | -40.0% |
3 Bedrooms | 34 | 30 | -11.8% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The 20720 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 decreased by 40%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 20720 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for 20720, MD
How long does it take to sell a home in 20720, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 21 Days | -32.8% |
Summary: Homes in 20720 had an average of 21 days on market in Mar 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 20720; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.