Is 20902, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20902 is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, 20902 has remained a Seller's Market.

Key Takeaway

20902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 20902, MD cost?

Median Sold Price

$525,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$35,710(+7.3%)

Key Takeaway

Homes in 20902 have sold for 7.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $170K$165K
-2.9%
2 $300K$347K
+15.7%
3 $492K$522.5K
+6.2%
4 $525K$560K
+6.7%
5+ $570.4K$623K
+9.2%

Median Sold Price Compared To Nearby Zip Codes

20902
+7.3%
20906
+5.2%
20895
+2.3%
20910
+2.0%
20901
-1.6%

How many homes are available in 20902, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
137133-2.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1015
+50.0%
2 1821
+16.7%
3 5047
-6.0%
4 3731
-16.2%
5+ 2219
-13.6%

Number of Homes Sold

Aug 2022Sep 2022%
3736-2.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20902, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days22 Days+34.7%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20902 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 20902, MD

Number of homes for sale in 20902, MD real estate market have reached 133. The number of homes for sale in 20902, MD decreased by 2.9% between August 2022 and September 2022. The median list price of listings available in September 2022 was $525,000, while the average time on the real estate market was 22 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 2.9%, 2 bedrooms properties became 15.7% more expensive, 3 bedrooms properties became 6.2% more expensive, prices of 4 bedrooms properties increased by 6.7%, prices of 5 bedrooms properties went up by 9.2%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 50%, volume of 2 bedrooms homes went up by 16.7%, 3 bedrooms homes became 6% less available, 4 bedrooms homes inventory decreased by 16.2%, 5 bedrooms homes inventory decreased by 13.6%. In September 2022, from all listings sold in 20902, MD there were more than 13 sold above asking price, over 16 sold below and more than 7 were sold right at the asked price.