Is 20906, 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, 20906 has remained a Seller's Market.
Key Takeaway
20906 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20906, MD
How much do homes in 20906, MD cost?
Median Sold Price
$345,045
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20906 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 20906 was $345,045 in April 2024, down 3.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.2K | $139.5K | -4.6% |
| 2 Bedrooms | $235K | $232.5K | -1.1% |
| 3 Bedrooms | $415K | $425K | +2.4% |
| 4 Bedrooms | $580K | $590K | +1.7% |
| 5+ Bedrooms | $641K | $685K | +6.9% |
Summary: 20906 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 20906, MD
How many homes are available in 20906, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 203 | 198 | -2.5% |
Summary: The 20906 real estate market had 198 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 12 | -52.0% |
| 2 Bedrooms | 73 | 63 | -13.7% |
| 3 Bedrooms | 50 | 59 | +18.0% |
| 4 Bedrooms | 32 | 43 | +34.4% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The 20906 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 52%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 58 | -23.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20906, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in 20906 in April 2024, down by 23.7% month-over-month. Of the 58 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% were sold over asking.
Days on Market for 20906, MD
How long does it take to sell a home in 20906, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -19.7% |
Summary: Homes in 20906 had an average of 19 days on market in Apr 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20906 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 58 homes were sold in 20906; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
