$4,798 Closing Credit*
$404,000
1,680 SqFt
3 Beds
•2 Full Baths, 1 Partial
Curtis T Clair, Listing Office: Bennett Realty Solutions
Is 20616, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 20616 was a Seller's Market.
Key Takeaway
20616 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20616, MD
How much do homes in 20616, MD cost?
Median Sold Price
$449,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$32,010(+7.7%)
Key Takeaway
Homes in 20616 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 20616 was $449,000 in December 2024, up 7.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275.5K | $210K | -23.8% |
| 3 Bedrooms | $402.8K | $400K | -0.7% |
| 4 Bedrooms | $545K | $569.9K | +4.6% |
| 5+ Bedrooms | $587K | $575K | -2.0% |
Summary: 20616 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 decreased by 23.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 20616, MD
How many homes are available in 20616, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The 20616 real estate market had 21 homes for sale in December 2024, a 19.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 20616 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20616, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 20616 in December 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 20616, MD
How long does it take to sell a home in 20616, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 42 Days | 32 Days | -24.1% |
Summary: Homes in 20616 had an average of 32 days on market in Dec 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20616 has remained consistent over time.
Summary: During December 2024, 1 homes were sold in 20616; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
