Is 20724, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20724 was a Seller's Market.
Housing Prices in 20724, MD
How much do homes in 20724, MD cost?
Median Sold Price
$470,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20724 was $470,000 in March 2024, up 14.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $315K | $310K | -1.6% |
3 Bedrooms | $430K | $475K | +10.5% |
4 Bedrooms | $425.7K | $541.8K | +27.3% |
5+ Bedrooms | $578.5K | $470K | -18.8% |
Summary: 20724 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 decreased by 1.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Zip Codes
20724 | $412K | $470K | +14.1% |
20708 | $462.5K | $477.8K | +3.3% |
20763 | $465K | $480K | +3.2% |
Housing Supply in 20724, MD
How many homes are available in 20724, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 95 | +5.6% |
Summary: The 20724 real estate market had 95 homes for sale in March 2024, a 5.6% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 63 | 66 | +4.8% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 20724 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 16.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 20724 in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 20724, MD
How long does it take to sell a home in 20724, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +57.1% |
Summary: Homes in 20724 had an average of 22 days on market in Mar 2024, up by 57.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 20724; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.