Is 20855, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20855 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 20855 was a Neutral Market.

Key Takeaway

20855 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$19,510(+3.1%)

Key Takeaway

Homes in 20855 have sold for 3.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $300K$300K
0.0%
3 $469.5K$480K
+2.2%
4 $650K$680K
+4.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20877
+14.0%
20832
+12.3%
20853
+8.5%
20855
+3.1%

Housing Supply in 20855, MD

How many homes are available in 20855, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3842+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1012
+20.0%
4 1516
+6.7%
5+ 1213
+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 2024Feb 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20855, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
49 Days5 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20855 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 20855, MD

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