Is 20817, 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, 20817 was a Seller's Market.
Housing Prices in 20817, MD
How much do homes in 20817, MD cost?
Median Sold Price
$1,284,666
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20817 was $1,284,666 in March 2024, down 1.2% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $225K | +3.2% |
2 Bedrooms | $315K | $310K | -1.6% |
3 Bedrooms | $910K | $935K | +2.7% |
4 Bedrooms | $1.1M | $1.2M | +1.3% |
5+ Bedrooms | $1.8M | $1.8M | +1.9% |
Summary: 20817 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 20817, MD
How many homes are available in 20817, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
194 | 206 | +6.2% |
Summary: The 20817 real estate market had 206 homes for sale in March 2024, a 6.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 40 | 45 | +12.5% |
5+ Bedrooms | 131 | 132 | +0.8% |
Summary: The 20817 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 28.6%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 20817 in March 2024, up by 3.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 18% were sold at asking, and 57% were sold over asking.
Days on Market for 20817, MD
How long does it take to sell a home in 20817, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 6 Days | -74.1% |
Summary: Homes in 20817 had an average of 6 days on market in Mar 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 20817; 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.