Is 20772, 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, 20772 was a Neutral Market.
Housing Prices in 20772, MD
How much do homes in 20772, MD cost?
Median Sold Price
$474,908
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20772 was $474,908 in March 2024, up 9.1% 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 | $155.4K | $185K | +19.0% |
2 Bedrooms | $294.9K | $300K | +1.7% |
3 Bedrooms | $420K | $465K | +10.7% |
4 Bedrooms | $468K | $515K | +10.0% |
5+ Bedrooms | $629.9K | $706.7K | +12.2% |
Summary: 20772 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 20772, MD
How many homes are available in 20772, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
341 | 361 | +5.9% |
Summary: The 20772 real estate market had 361 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 138 | 141 | +2.2% |
4 Bedrooms | 105 | 120 | +14.3% |
5+ Bedrooms | 68 | 69 | +1.5% |
Summary: The 20772 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 20772 in March 2024, up by 8.1% month-over-month. Of the 40 sold homes, 20% were sold under asking, 45% were sold at asking, and 35% were sold over asking.
Days on Market for 20772, MD
How long does it take to sell a home in 20772, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 39 Days | +35.4% |
Summary: Homes in 20772 had an average of 39 days on market in Mar 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 20772; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.