Is 20815, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 20815 was a Seller's Market.
Housing Prices in 20815, MD
How much do homes in 20815, MD cost?
Median Sold Price
$1,234,900
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 20815 was $1,234,900 in May 2024, down 6.6% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294.9K | $298K | +1.1% |
2 Bedrooms | $615K | $664K | +8.0% |
3 Bedrooms | $1.0M | $910K | -11.2% |
4 Bedrooms | $1.3M | $1.5M | +9.7% |
5+ Bedrooms | $2.3M | $2.0M | -9.6% |
Summary: 20815 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 20815, MD
How many homes are available in 20815, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 135 | +17.4% |
Summary: The 20815 real estate market had 135 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 28 | +12.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 16 | 25 | +56.3% |
5+ Bedrooms | 46 | 45 | -2.2% |
Summary: The 20815 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 20815 in May 2024, down by 20.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for 20815, MD
How long does it take to sell a home in 20815, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 19 Days | -48.9% |
Summary: Homes in 20815 had an average of 19 days on market in May 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in 20815; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.