Is 20901, 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, 20901 was a Seller's Market.
Housing Prices in 20901, MD
How much do homes in 20901, MD cost?
Median Sold Price
$596,500
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20901 was $596,500 in March 2024, up 6.5% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $154.7K | -3.3% |
2 Bedrooms | $335K | $325K | -3.0% |
3 Bedrooms | $555K | $597.7K | +7.7% |
4 Bedrooms | $600K | $649.5K | +8.3% |
5+ Bedrooms | $711.2K | $650K | -8.6% |
Summary: 20901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 20901, MD
How many homes are available in 20901, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 103 | +13.2% |
Summary: The 20901 real estate market had 103 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 40 | 40 | 0.0% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 20901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 20901 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 12% were sold under asking, 29% were sold at asking, and 59% were sold over asking.
Days on Market for 20901, MD
How long does it take to sell a home in 20901, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 8 Days | -61.2% |
Summary: Homes in 20901 had an average of 8 days on market in Mar 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 20901; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.