Is 20876, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20876 has remained a Seller's Market.
Key Takeaway
20876 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20876, MD
How much do homes in 20876, MD cost?
Median Sold Price
$447,250
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20876 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 20876 was $447,250 in March 2024, up 5.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $265K | +3.9% |
| 2 Bedrooms | $293.8K | $315K | +7.2% |
| 3 Bedrooms | $375K | $432K | +15.2% |
| 4 Bedrooms | $642.5K | $660K | +2.7% |
| 5+ Bedrooms | $730K | $757.2K | +3.7% |
Summary: 20876 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 20876, MD
How many homes are available in 20876, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The 20876 real estate market had 57 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 20876 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20876, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 20876 in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 33% were sold at asking, and 58% were sold over asking.
Days on Market for 20876, MD
How long does it take to sell a home in 20876, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -39.5% |
Summary: Homes in 20876 had an average of 13 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20876 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 20876; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
