Is 20784, 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, 20784 has remained a Seller's Market.
Key Takeaway
20784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20784, MD
How much do homes in 20784, MD cost?
Median Sold Price
$360,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20784 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 20784 was $360,500 in March 2024, up 3% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.8K | $117.5K | +12.1% |
| 2 Bedrooms | $140.2K | $150K | +6.9% |
| 3 Bedrooms | $340K | $361K | +6.2% |
| 4 Bedrooms | $390K | $397K | +1.8% |
| 5+ Bedrooms | $420K | $426K | +1.4% |
Summary: 20784 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 20784, MD
How many homes are available in 20784, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 97 | 97 | 0.0% |
Summary: The 20784 real estate market had 97 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The 20784 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 11.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20784, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 20784 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 24% were sold under asking, 41% were sold at asking, and 35% were sold over asking.
Days on Market for 20784, MD
How long does it take to sell a home in 20784, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 29 Days | -57.5% |
Summary: Homes in 20784 had an average of 29 days on market in Mar 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20784 has remained consistent over time.
Summary: During March 2024, 17 homes were sold in 20784; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
