Is 20785, 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, 20785 was a Neutral Market.
Housing Prices in 20785, MD
How much do homes in 20785, MD cost?
Median Sold Price
$337,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20785 was $337,000 in March 2024, up 7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $103.2K | N/A |
2 Bedrooms | $229.9K | $205K | -10.9% |
3 Bedrooms | $300K | $329.9K | +10.0% |
4 Bedrooms | $385K | $429.3K | +11.5% |
5+ Bedrooms | $410K | $460K | +12.2% |
Summary: 20785 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 20785, MD
How many homes are available in 20785, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 165 | +5.1% |
Summary: The 20785 real estate market had 165 homes for sale in March 2024, a 5.1% 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 | 19 | 21 | +10.5% |
3 Bedrooms | 87 | 85 | -2.3% |
4 Bedrooms | 32 | 36 | +12.5% |
5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The 20785 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 10.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 20785 in March 2024, down by 4.5% month-over-month. Of the 21 sold homes, 10% were sold under asking, 29% were sold at asking, and 62% were sold over asking.
Days on Market for 20785, MD
How long does it take to sell a home in 20785, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +12.5% |
Summary: Homes in 20785 had an average of 29 days on market in Mar 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 20785; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.