Is 20815, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20815 has remained a Seller's Market.
Key Takeaway
20815 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20815, MD
How much do homes in 20815, MD cost?
Median Sold Price
$1,235,266
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20815 have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in 20815 was $1,235,266 in April 2024, down 8.8% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294.9K | $296.5K | 0.5% |
| 2 Bedrooms | $705K | $625K | -11.3% |
| 3 Bedrooms | $955K | $917.5K | -3.9% |
| 4 Bedrooms | $1.3M | $1.5M | +13.5% |
| 5+ Bedrooms | $2.3M | $2.0M | -12.2% |
Summary: 20815 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in 20815, MD
How many homes are available in 20815, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 114 | +12.9% |
Summary: The 20815 real estate market had 114 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 26 | +8.3% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 33 | 43 | +30.3% |
Summary: The 20815 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 30.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20815, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 20815 in April 2024, down by 17.2% month-over-month. Of the 24 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 20815, MD
How long does it take to sell a home in 20815, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +68.8% |
Summary: Homes in 20815 had an average of 31 days on market in Apr 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20815 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 20815; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
