Is 20735, 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, 20735 was a Seller's Market.
Housing Prices in 20735, MD
How much do homes in 20735, MD cost?
Median Sold Price
$430,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20735 was $430,000 in March 2024, up 6.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $298.9K | $294.5K | -1.5% |
3 Bedrooms | $369K | $400K | +8.4% |
4 Bedrooms | $410K | $430K | +4.9% |
5+ Bedrooms | $460K | $490K | +6.5% |
Summary: 20735 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 1.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 20735, MD
How many homes are available in 20735, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
177 | 172 | -2.8% |
Summary: The 20735 real estate market had 172 homes for sale in March 2024, a 2.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 49 | 48 | -2.0% |
4 Bedrooms | 79 | 69 | -12.7% |
5+ Bedrooms | 43 | 48 | +11.6% |
Summary: The 20735 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 20%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 19 | -32.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 20735 in March 2024, down by 32.1% month-over-month. Of the 19 sold homes, 21% were sold under asking, 32% were sold at asking, and 47% were sold over asking.
Days on Market for 20735, MD
How long does it take to sell a home in 20735, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 34 Days | +8.8% |
Summary: Homes in 20735 had an average of 34 days on market in Mar 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 20735; 68% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.