$5,759 Closing Credit*
$485,000
1,160 SqFt
3 Beds
•2 Full Baths
Gary A Summers, Listing Office: RE/MAX 100
Is 20617, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20617 was a Neutral Market.
Key Takeaway
20617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20617, MD
How much do homes in 20617, MD cost?
Median Sold Price
$692,991
$219/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$193,091(+38.6%)
Key Takeaway
Homes in 20617 have sold for 38.6% more than they did a month ago.
Summary: The median home sold price in 20617 was $692,991 in November 2024, up 38.6% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $445K | N/A |
| 4 Bedrooms | $499.9K | $940.9K | +88.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 20617 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 88.2%, and 5+ bedroom homes did not change.
Housing Supply in 20617, MD
How many homes are available in 20617, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The 20617 real estate market had 8 homes for sale in November 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20617 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20617, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 20617 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 20617, MD
How long does it take to sell a home in 20617, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 211 Days | +3416.7% |
Summary: Homes in 20617 had an average of 211 days on market in Nov 2024, up by 3416.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20617 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 20617; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
