Is 20861, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20861 was a Buyer's Market.
Key Takeaway
20861 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20861, MD
How much do homes in 20861, MD cost?
Median Sold Price
$770,000
$235/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 20861 have sold for 26.7% less than they did a month ago.
Summary: The median home sold price in 20861 was $770,000 in March 2024, down 26.7% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $1.0M | $770K | -26.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 20861 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 20860 | $1.0M | $1.4M | +40.0% |
| 20777 | $1.3M | $1.2M | -11.2% |
| 20861 | $1.0M | $770K | -26.7% |
Housing Supply in 20861, MD
How many homes are available in 20861, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 20861 real estate market had 11 homes for sale in March 2024, a 10.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 20861 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20861, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 20861 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 20861, MD
How long does it take to sell a home in 20861, MD?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 18 Days | +266.7% |
Summary: Homes in 20861 had an average of 18 days on market in Mar 2024, up by 266.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20861 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 20861; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
