$7,897 Closing Credit*
$665,000
4,965 SqFt
5 Beds
•3 Full Baths, 1 Partial
Troy Rice, Listing Office: EXP Realty, LLC
Is 20603, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 20603 has remained a Seller's Market.
Key Takeaway
20603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20603, MD
How much do homes in 20603, MD cost?
Median Sold Price
$456,225
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,958(+1.8%)
Key Takeaway
Homes in 20603 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 20603 was $456,225 in October 2024, up 1.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $340K | +19.3% |
| 3 Bedrooms | $359K | $371.4K | +3.5% |
| 4 Bedrooms | $497.2K | $500K | 0.5% |
| 5+ Bedrooms | $585K | $590K | +0.9% |
Summary: 20603 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 20603, MD
How many homes are available in 20603, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 117 | +18.2% |
Summary: The 20603 real estate market had 117 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 40 | 53 | +32.5% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 20603 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20603, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 20603 in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for 20603, MD
How long does it take to sell a home in 20603, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -24.0% |
Summary: Homes in 20603 had an average of 18 days on market in Oct 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20603 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 20603; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
