Is 20770, 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, 20770 was a Seller's Market.
Key Takeaway
20770 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20770, MD
How much do homes in 20770, MD cost?
Median Sold Price
$250,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20770 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 20770 was $250,000 in March 2024, up 11.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $160K | +1.6% |
| 2 Bedrooms | $197.3K | $220K | +11.5% |
| 3 Bedrooms | $307.5K | $330.5K | +7.5% |
| 4 Bedrooms | $500K | $491.2K | -1.8% |
| 5+ Bedrooms | $650K | $600K | -7.7% |
Summary: 20770 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 20770, MD
How many homes are available in 20770, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Summary: The 20770 real estate market had 61 homes for sale in March 2024, a 22.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 20770 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 22.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20770, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 20770 in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for 20770, MD
How long does it take to sell a home in 20770, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +5.1% |
Summary: Homes in 20770 had an average of 30 days on market in Mar 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20770 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 20770; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
