Is 20745, 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, 20745 was a Seller's Market.
Housing Prices in 20745, MD
How much do homes in 20745, MD cost?
Median Sold Price
$348,800
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20745 was $348,800 in March 2024, up 2.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283.5K | $347K | +22.4% |
2 Bedrooms | $240K | $215K | -10.4% |
3 Bedrooms | $312K | $339.9K | +9.0% |
4 Bedrooms | $382K | $378K | -1.0% |
5+ Bedrooms | $433.9K | $423K | -2.5% |
Summary: 20745 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 20745, MD
How many homes are available in 20745, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
142 | 147 | +3.5% |
Summary: The 20745 real estate market had 147 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 30 | +15.4% |
2 Bedrooms | 37 | 40 | +8.1% |
3 Bedrooms | 41 | 40 | -2.4% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 20745 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 20745 in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for 20745, MD
How long does it take to sell a home in 20745, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 38 Days | +26.9% |
Summary: Homes in 20745 had an average of 38 days on market in Mar 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 20745; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.