Is 20832, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20832 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 20832 was a Seller's Market.

Key Takeaway

20832 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 20832, MD

How much do homes in 20832, MD cost?

Median Sold Price

$620,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$68,000(+12.3%)

Key Takeaway

Homes in 20832 have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in 20832 was $620,000 in February 2024, up 12.3% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $143.2K$147.5K
+3.0%
2 $305K$309K
+1.3%
3 $430K$525K
+22.1%
4 $685.5K$695K
+1.4%
5+ $799.9K$804K
0.5%

Summary: 20832 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

20832
+12.3%
20853
+8.5%
20855
+3.1%
20833
-6.5%

Housing Supply in 20832, MD

How many homes are available in 20832, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4743-8.5%

Summary: The 20832 real estate market had 43 homes for sale in February 2024, a 8.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 1312
-7.7%
4 1814
-22.2%
5+ 1414
0.0%

Summary: The 20832 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
165-68.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20832, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 20832 in February 2024, down by 68.8% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 20832, MD

How long does it take to sell a home in 20832, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
61 Days12 Days-79.8%

Summary: Homes in 20832 had an average of 12 days on market in Feb 2024, down by 79.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20832 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in 20832; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 20832, MD

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