Is 20814, 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, 20814 was a Seller's Market.
Key Takeaway
20814 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20814, MD
How much do homes in 20814, MD cost?
Median Sold Price
$776,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20814 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 20814 was $776,000 in March 2024, up 16.9% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $229.9K | 0.4% |
| 2 Bedrooms | $400K | $450K | +12.5% |
| 3 Bedrooms | $790K | $906.5K | +14.7% |
| 4 Bedrooms | $1.0M | $1.1M | +11.9% |
| 5+ Bedrooms | $1.8M | $1.9M | +4.8% |
Summary: 20814 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 20814, MD
How many homes are available in 20814, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 149 | 164 | +10.1% |
Summary: The 20814 real estate market had 164 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 39 | +11.4% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 41 | 45 | +9.8% |
Summary: The 20814 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20814, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 20814 in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 20814, MD
How long does it take to sell a home in 20814, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 23 Days | -26.9% |
Summary: Homes in 20814 had an average of 23 days on market in Mar 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20814 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in 20814; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
