Is 20782, 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, 20782 has remained a Buyer's Market.
Housing Prices in 20782, MD
How much do homes in 20782, MD cost?
Median Sold Price
$487,212
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20782 was $487,212 in March 2024, up 11.1% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $97.5K | -57.1% |
2 Bedrooms | $141K | $332K | +135.5% |
3 Bedrooms | $460K | $501.5K | +9.0% |
4 Bedrooms | $452.5K | $521.7K | +15.3% |
5+ Bedrooms | $535.5K | $555.5K | +3.7% |
Summary: 20782 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 135.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 20782, MD
How many homes are available in 20782, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 111 | +1.8% |
Summary: The 20782 real estate market had 111 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 10 | -16.7% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 37 | 38 | +2.7% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The 20782 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 25%, 3 bedroom homes increased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 20782 in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for 20782, MD
How long does it take to sell a home in 20782, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 19 Days | -64.2% |
Summary: Homes in 20782 had an average of 19 days on market in Mar 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 20782; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.