Is 20754, 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, 20754 was a Seller's Market.
Key Takeaway
20754 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20754, MD
How much do homes in 20754, MD cost?
Median Sold Price
$625,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20754 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 20754 was $625,000 in March 2024, up 12.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $464.2K | $487K | +4.9% |
| 4 Bedrooms | $530K | $662K | +24.9% |
| 5+ Bedrooms | $660K | $745K | +12.9% |
Summary: 20754 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 did not change, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 20754, MD
How many homes are available in 20754, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The 20754 real estate market had 41 homes for sale in March 2024, a 17.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 20754 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 remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20754, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 20754 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 20754, MD
How long does it take to sell a home in 20754, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -12.6% |
Summary: Homes in 20754 had an average of 17 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20754 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 20754; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
