Is 20733, 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, 20733 was a Buyer's Market.
Key Takeaway
20733 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20733, MD
How much do homes in 20733, MD cost?
Median Sold Price
$415,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20733 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 20733 was $415,000 in March 2024, up 11.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $298K | -44.3% |
| 2 Bedrooms | $242.5K | $315K | +29.9% |
| 3 Bedrooms | $344.9K | $395.5K | +14.7% |
| 4 Bedrooms | $417.5K | $470.5K | +12.7% |
| 5+ Bedrooms | $537.5K | $858K | +59.6% |
Summary: 20733 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 59.6%.
Median Sold Price Compared To Nearby Zip Codes
| 20764 | $377.5K | $425K | +12.6% |
| 20733 | $373.6K | $415K | +11.1% |
| 20778 | $649.9K | $650K | 0.0% |
Housing Supply in 20733, MD
How many homes are available in 20733, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The 20733 real estate market had 17 homes for sale in March 2024, a 5.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 20733 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20733, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20733 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20733, MD
How long does it take to sell a home in 20733, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +115.7% |
Summary: Homes in 20733 had an average of 36 days on market in Mar 2024, up by 115.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20733 has remained consistent over time.
Summary: During March 2024, 3 homes were sold in 20733; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
