Is 20744, 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, 20744 was a Seller's Market.
Housing Prices in 20744, MD
How much do homes in 20744, MD cost?
Median Sold Price
$438,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20744 was $438,000 in March 2024, up 1.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157K | $301.2K | +91.8% |
2 Bedrooms | $227.5K | $257.5K | +13.2% |
3 Bedrooms | $360K | $392K | +8.9% |
4 Bedrooms | $465K | $460K | -1.1% |
5+ Bedrooms | $500K | $492.5K | -1.5% |
Summary: 20744 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 20744, MD
How many homes are available in 20744, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
245 | 259 | +5.7% |
Summary: The 20744 real estate market had 259 homes for sale in March 2024, a 5.7% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 57 | 59 | +3.5% |
4 Bedrooms | 95 | 103 | +8.4% |
5+ Bedrooms | 83 | 87 | +4.8% |
Summary: The 20744 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 increased by 3.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 20744 in March 2024, the same as the previous month. Of the 29 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for 20744, MD
How long does it take to sell a home in 20744, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 23 Days | -52.3% |
Summary: Homes in 20744 had an average of 23 days on market in Mar 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 20744; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.