Is 20751, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20751 was a Neutral Market.
Key Takeaway
20751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20751, MD
How much do homes in 20751, MD cost?
Median Sold Price
$496,000
$205/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 20751 have sold for 52.4% less than they did a month ago.
Summary: The median home sold price in 20751 was $496,000 in March 2024, down 52.4% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $496K | N/A |
| 4 Bedrooms | $685K | $355K | -48.2% |
| 5+ Bedrooms | $1.4M | $500K | -64.3% |
Summary: 20751 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 48.2%, and 5+ bedroom homes decreased by 64.3%.
Median Sold Price Compared To Nearby Zip Codes
| 20779 | $1.0M | $1.3M | +35.6% |
| 20751 | $1.0M | $496K | -52.4% |
Housing Supply in 20751, MD
How many homes are available in 20751, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The 20751 real estate market had 26 homes for sale in March 2024, a 7.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 20751 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20751, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20751 in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20751, MD
How long does it take to sell a home in 20751, MD?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 40 Days | -37.0% |
Summary: Homes in 20751 had an average of 40 days on market in Mar 2024, down by 37% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20751 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 20751; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
