Is 20905, 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, 20905 has remained a Neutral Market.
Key Takeaway
20905 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20905, MD
How much do homes in 20905, MD cost?
Median Sold Price
$665,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20905 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 20905 was $665,000 in March 2024, up 8.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $380K | -1.3% |
| 3 Bedrooms | $535K | $545K | +1.9% |
| 4 Bedrooms | $640K | $665K | +3.9% |
| 5+ Bedrooms | $705K | $757.5K | +7.4% |
Summary: 20905 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 20905, MD
How many homes are available in 20905, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The 20905 real estate market had 48 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 20905 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20905, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 20905 in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 20905, MD
How long does it take to sell a home in 20905, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 6 Days | -33.5% |
Summary: Homes in 20905 had an average of 6 days on market in Mar 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20905 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 20905; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
