Is 20732, 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, 20732 was a Buyer's Market.
Key Takeaway
20732 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20732, MD
How much do homes in 20732, MD cost?
Median Sold Price
$500,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20732 have sold for 35.1% more than they did a year ago.
Summary: The median home sold price in 20732 was $500,000 in March 2024, up 35.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $249.9K | +16.2% |
| 2 Bedrooms | $325K | $335K | +3.1% |
| 3 Bedrooms | $360K | $382K | +6.1% |
| 4 Bedrooms | $425K | $568K | +33.6% |
| 5+ Bedrooms | $622.5K | $669K | +7.5% |
Summary: 20732 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 20732, MD
How many homes are available in 20732, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 77 | 0.0% |
Summary: The 20732 real estate market had 77 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 20732 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 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20732, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 20732 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 0% were sold under asking, 55% were sold at asking, and 45% were sold over asking.
Days on Market for 20732, MD
How long does it take to sell a home in 20732, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +38.2% |
Summary: Homes in 20732 had an average of 35 days on market in Mar 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20732 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 20732; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
