$64,000
0.77 Acres
Land
Jarriel Jordan Jr., Listing Office: The Home Team Realty Group, LLC
Is 20607, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20607 has remained a Buyer's Market.
Key Takeaway
20607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20607, MD
How much do homes in 20607, MD cost?
Median Sold Price
$505,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,550(+1.1%)
Key Takeaway
Homes in 20607 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 20607 was $505,000 in November 2024, up 1.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $875K | - | N/A |
| 2 Bedrooms | $300K | $297.5K | -0.8% |
| 3 Bedrooms | $437.5K | $454.5K | +3.9% |
| 4 Bedrooms | $530K | $520K | -1.9% |
| 5+ Bedrooms | $637K | $619.9K | -2.7% |
Summary: 20607 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 20607, MD
How many homes are available in 20607, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The 20607 real estate market had 51 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The 20607 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20607, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 20607 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 20607, MD
How long does it take to sell a home in 20607, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 5 Days | -76.2% |
Summary: Homes in 20607 had an average of 5 days on market in Nov 2024, down by 76.2% compared to last year.
Breakdown of Home Sale Times
3 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 20607 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 20607; 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.
