Is 20855, 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, 20855 was a Neutral Market.
Housing Prices in 20855, MD
How much do homes in 20855, MD cost?
Median Sold Price
$652,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 20855 was $652,500 in February 2024, up 3.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $300K | 0.0% |
3 Bedrooms | $469.5K | $480K | +2.2% |
4 Bedrooms | $650K | $680K | +4.6% |
5+ Bedrooms | $707K | $746K | +5.5% |
Summary: 20855 housing prices by bedroom type for February 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 2.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 20855, MD
How many homes are available in 20855, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 42 | +10.5% |
Summary: The 20855 real estate market had 42 homes for sale in February 2024, a 10.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 20855 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
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 20855 in February 2024, down by 71.4% 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 20855, MD
How long does it take to sell a home in 20855, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 5 Days | -88.9% |
Summary: Homes in 20855 had an average of 5 days on market in Feb 2024, down by 88.9% 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 February 2024, 2 homes were sold in 20855; 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.