$6,460 Closing Credit*
$544,000
2,588 SqFt
5 Beds
•3 Full Baths
Sam Benkirane, Listing Office: Proplocate Realty
Is 20613, 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, 20613 has remained a Seller's Market.
Key Takeaway
20613 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20613, MD
How much do homes in 20613, MD cost?
Median Sold Price
$498,666
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$37,013(-6.9%)
Key Takeaway
Homes in 20613 have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in 20613 was $498,666 in October 2024, down 6.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $393.1K | $308.5K | -21.5% |
| 3 Bedrooms | $438.9K | $457.9K | +4.3% |
| 4 Bedrooms | $595K | $595K | 0.0% |
| 5+ Bedrooms | $841.7K | $809.9K | -3.8% |
Summary: 20613 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 decreased by 21.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 20613, MD
How many homes are available in 20613, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 136 | +18.3% |
Summary: The 20613 real estate market had 136 homes for sale in October 2024, a 18.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 63 | 76 | +20.6% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The 20613 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 remained the same, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20613, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 20613 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 20613, MD
How long does it take to sell a home in 20613, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +177.5% |
Summary: Homes in 20613 had an average of 57 days on market in Oct 2024, up by 177.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20613 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 20613; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
