Is 20764, 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, 20764 has remained a Buyer's Market.
Key Takeaway
20764 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20764, MD
How much do homes in 20764, MD cost?
Median Sold Price
$425,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20764 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 20764 was $425,000 in March 2024, up 12.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $175K | -31.4% |
| 2 Bedrooms | $310K | $315K | +1.6% |
| 3 Bedrooms | $355K | $415K | +16.9% |
| 4 Bedrooms | $480K | $522.5K | +8.9% |
| 5+ Bedrooms | $1.4M | $706.9K | -50.3% |
Summary: 20764 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 50.3%.
Median Sold Price Compared To Nearby Zip Codes
| 20764 | $377.5K | $425K | +12.6% |
| 20733 | $373.6K | $415K | +11.1% |
| 20778 | $649.9K | $650K | 0.0% |
Housing Supply in 20764, MD
How many homes are available in 20764, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Summary: The 20764 real estate market had 44 homes for sale in March 2024, a 12.8% 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 | 3 | 8 | +166.7% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 20764 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 increased by 166.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20764, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 20764 in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20764, MD
How long does it take to sell a home in 20764, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 44 Days | -37.0% |
Summary: Homes in 20764 had an average of 44 days on market in Mar 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20764 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 20764; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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