$5,759 Closing Credit*
$485,000
2,937 SqFt
4 Beds
•3 Full Baths, 1 Partial
Bria Walker, Listing Office: Samson Properties
Is 20603, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$450,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$7,812(-1.7%)
Key Takeaway
Homes in 20603 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 20603 was $450,000 in December 2024, down 1.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $327.5K | $362.5K | +10.7% |
| 3 Bedrooms | $372.2K | $371.4K | -0.2% |
| 4 Bedrooms | $495K | $499.9K | +1.0% |
| 5+ Bedrooms | $585K | $610.2K | +4.3% |
Summary: 20603 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 20603, MD
How many homes are available in 20603, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 95 | 99 | +4.2% |
Summary: The 20603 real estate market had 99 homes for sale in December 2024, a 4.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 40 | 43 | +7.5% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 20603 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20603, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in 20603 in December 2024, up by 28.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 44% were sold at asking, and 26% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +10.3% |
Summary: Homes in 20603 had an average of 39 days on market in Dec 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 December 2024, 27 homes were sold in 20603; 56% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
