Is 20879, 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, 20879 has remained a Seller's Market.
Housing Prices in 20879, MD
How much do homes in 20879, MD cost?
Median Sold Price
$424,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20879 was $424,000 in March 2024, up 3.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.5K | $199.9K | +12.0% |
2 Bedrooms | $224K | $239.5K | +6.9% |
3 Bedrooms | $390K | $420K | +7.7% |
4 Bedrooms | $565K | $530K | -6.2% |
5+ Bedrooms | $707.9K | $590K | -16.7% |
Summary: 20879 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 20879, MD
How many homes are available in 20879, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 58 | -12.1% |
Summary: The 20879 real estate market had 58 homes for sale in March 2024, a 12.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 31 | 29 | -6.5% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 20879 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 20879 in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for 20879, MD
How long does it take to sell a home in 20879, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 13 Days | -8.2% |
Summary: Homes in 20879 had an average of 13 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 20879; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.