Is 20872, 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, 20872 was a Seller's Market.
Housing Prices in 20872, MD
How much do homes in 20872, MD cost?
Median Sold Price
$540,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20872 was $540,000 in March 2024, up 16.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $269.1K | +14.5% |
3 Bedrooms | $396.2K | $445K | +12.3% |
4 Bedrooms | $535.5K | $575K | +7.4% |
5+ Bedrooms | $752.5K | $854.8K | +13.6% |
Summary: 20872 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 increased by 14.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in 20872, MD
How many homes are available in 20872, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 67 | +21.8% |
Summary: The 20872 real estate market had 67 homes for sale in March 2024, a 21.8% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 21 | +50.0% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 20872 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 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 9 | +800.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 20872 in March 2024, up by 800.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 20872, MD
How long does it take to sell a home in 20872, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -11.9% |
Summary: Homes in 20872 had an average of 31 days on market in Mar 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 20872; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.