Is 20852, 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, 20852 was a Neutral Market.
Key Takeaway
20852 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20852, MD
How much do homes in 20852, MD cost?
Median Sold Price
$500,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 20852 has remained the same since last year.
Summary: The median home sold price in 20852 was $500,000 in March 2024, down 0.1% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.5K | $279.4K | +0.7% |
| 2 Bedrooms | $410K | $422.5K | +3.0% |
| 3 Bedrooms | $614.7K | $615K | 0.0% |
| 4 Bedrooms | $822.5K | $850K | +3.3% |
| 5+ Bedrooms | $1.4M | $1.2M | -15.6% |
Summary: 20852 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 20852, MD
How many homes are available in 20852, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 219 | 239 | +9.1% |
Summary: The 20852 real estate market had 239 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 25 | -13.8% |
| 2 Bedrooms | 78 | 83 | +6.4% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The 20852 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20852, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 20852 in March 2024, up by 22.9% month-over-month. Of the 43 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 20852, MD
How long does it take to sell a home in 20852, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -25.4% |
Summary: Homes in 20852 had an average of 20 days on market in Mar 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20852 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in 20852; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
