Is 20841, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20841 has remained a Buyer's Market.
Housing Prices in 20841, MD
How much do homes in 20841, MD cost?
Median Sold Price
$675,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20841 was $675,000 in March 2024, down 4.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $335.2K | $265K | -21.0% |
3 Bedrooms | $562.5K | $620K | +10.2% |
4 Bedrooms | $745K | $740K | -0.7% |
5+ Bedrooms | $780K | $867.5K | +11.2% |
Summary: 20841 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 decreased by 21%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 20841, MD
How many homes are available in 20841, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The 20841 real estate market had 54 homes for sale in March 2024, a 8.0% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 20841 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 20%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 20841 in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 20841, MD
How long does it take to sell a home in 20841, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 14 Days | -53.5% |
Summary: Homes in 20841 had an average of 14 days on market in Mar 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 20841; 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.