Is 20851, 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, 20851 was a Seller's Market.
Housing Prices in 20851, MD
How much do homes in 20851, MD cost?
Median Sold Price
$545,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20851 was $545,000 in March 2024, up 3.8% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $416K | - | N/A |
3 Bedrooms | $539K | $545K | +1.1% |
4 Bedrooms | $485K | $527.5K | +8.8% |
5+ Bedrooms | $600K | $547.7K | -8.7% |
Summary: 20851 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 did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 20851, MD
How many homes are available in 20851, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 20 | -37.5% |
Summary: The 20851 real estate market had 20 homes for sale in March 2024, a 37.5% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 19 | 11 | -42.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 20851 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 decreased by 33.3%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 2 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 20851 in March 2024, down by 85.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 20851, MD
How long does it take to sell a home in 20851, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 7 Days | -10.6% |
Summary: Homes in 20851 had an average of 7 days on market in Mar 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
2 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, 2 homes were sold in 20851; 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.