Is 20904, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20904 has remained a Seller's Market.
Key Takeaway
20904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20904, MD
How much do homes in 20904, MD cost?
Median Sold Price
$573,333
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20904 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 20904 was $573,333 in April 2024, up 10.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $186.9K | +13.3% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $461.5K | $445K | -3.6% |
| 4 Bedrooms | $563.7K | $627.5K | +11.3% |
| 5+ Bedrooms | $688.5K | $664.9K | -3.4% |
Summary: 20904 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 20904, MD
How many homes are available in 20904, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 75 | +23.0% |
Summary: The 20904 real estate market had 75 homes for sale in April 2024, a 23.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 5 | 15 | +200.0% |
Summary: The 20904 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20904, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 20904 in April 2024, up by 20.0% month-over-month. Of the 24 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for 20904, MD
How long does it take to sell a home in 20904, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | 0.5% |
Summary: Homes in 20904 had an average of 11 days on market in Apr 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
22 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 20904 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 20904; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
