Is 20895, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 20895 was a Buyer's Market.
Housing Prices in 20895, MD
How much do homes in 20895, MD cost?
Median Sold Price
$800,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 20895 was $800,000 in February 2024, up 13.5% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $202.5K | +12.5% |
2 Bedrooms | $470K | $383K | -18.5% |
3 Bedrooms | $629.9K | $701K | +11.3% |
4 Bedrooms | $705K | $825K | +17.0% |
5+ Bedrooms | $1.6M | $1.3M | -16.3% |
Summary: 20895 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in 20895, MD
How many homes are available in 20895, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
60 | 61 | +1.7% |
Summary: The 20895 real estate market had 61 homes for sale in February 2024, a 1.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 20895 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 20895 in February 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 20895, MD
How long does it take to sell a home in 20895, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 18 Days | -45.4% |
Summary: Homes in 20895 had an average of 18 days on market in Feb 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in 20895; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.