Is 20832, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 20832 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.2K | $147.5K | +3.0% |
2 Bedrooms | $305K | $309K | +1.3% |
3 Bedrooms | $430K | $525K | +22.1% |
4 Bedrooms | $685.5K | $695K | +1.4% |
5+ Bedrooms | $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%.
Housing Supply in 20832, MD
How many homes are available in 20832, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 43 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 18 | 14 | -22.2% |
5+ Bedrooms | 14 | 14 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 5 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 12 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
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.