Is 20743, 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, 20743 was a Seller's Market.
Key Takeaway
20743 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20743, MD
How much do homes in 20743, MD cost?
Median Sold Price
$335,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20743 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 20743 was $335,000 in March 2024, up 3.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.5K | $230K | -7.1% |
| 3 Bedrooms | $315K | $325K | +3.2% |
| 4 Bedrooms | $353K | $350K | -0.8% |
| 5+ Bedrooms | $389.5K | $402K | +3.2% |
Summary: 20743 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 7.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 20743, MD
How many homes are available in 20743, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 303 | 301 | -0.7% |
Summary: The 20743 real estate market had 301 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 117 | 115 | -1.7% |
| 4 Bedrooms | 97 | 92 | -5.2% |
| 5+ Bedrooms | 55 | 62 | +12.7% |
Summary: The 20743 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20743, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 20743 in March 2024, up by 9.4% month-over-month. Of the 35 sold homes, 9% were sold under asking, 34% were sold at asking, and 57% were sold over asking.
Days on Market for 20743, MD
How long does it take to sell a home in 20743, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -46.8% |
Summary: Homes in 20743 had an average of 22 days on market in Mar 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20743 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 20743; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
