Is 20746, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20746 has remained a Buyer's Market.
Housing Prices in 20746, MD
How much do homes in 20746, MD cost?
Median Sold Price
$328,333
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20746 was $328,333 in March 2024, down 0.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $92K | -31.9% |
2 Bedrooms | $150K | $145K | -3.3% |
3 Bedrooms | $309K | $325K | +5.2% |
4 Bedrooms | $385.3K | $383K | -0.6% |
5+ Bedrooms | $377.5K | $440K | +16.6% |
Summary: 20746 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 16.6%.
Housing Supply in 20746, MD
How many homes are available in 20746, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 127 | +5.8% |
Summary: The 20746 real estate market had 127 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 47 | 50 | +6.4% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 20746 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
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 20746 in March 2024, down by 26.3% 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 20746, MD
How long does it take to sell a home in 20746, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 24 Days | -45.5% |
Summary: Homes in 20746 had an average of 24 days on market in Mar 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 20746; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.