Is 20818, 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, 20818 was a Neutral Market.
Key Takeaway
20818 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20818, MD
How much do homes in 20818, MD cost?
Median Sold Price
$855,000
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20818 have sold for 10% less than they did a year ago.
Summary: The median home sold price in 20818 was $855,000 in March 2024, down 10% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $494.1K | +0.9% |
| 3 Bedrooms | - | $777.5K | N/A |
| 4 Bedrooms | $958.5K | $1.3M | +40.8% |
| 5+ Bedrooms | $2.0M | $2.0M | 0.4% |
Summary: 20818 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 increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 20818, MD
How many homes are available in 20818, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The 20818 real estate market had 12 homes for sale in March 2024, a 50.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 20818 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20818, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 20818 in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 20818, MD
How long does it take to sell a home in 20818, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 5 Days | -28.6% |
Summary: Homes in 20818 had an average of 5 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20818 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 20818; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
