$30,000
0.46 Acres
Land
Renee E Haynes, Listing Office: Taylor Properties
Is 20618, 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, 20618 was a Neutral Market.
Key Takeaway
20618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20618, MD
How much do homes in 20618, MD cost?
Median Sold Price
$467,500
$190/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$87,500(+23.0%)
Key Takeaway
Homes in 20618 have sold for 23% more than they did a month ago.
Summary: The median home sold price in 20618 was $467,500 in October 2024, up 23% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $380K | $322.5K | -15.1% |
| 4 Bedrooms | - | $540K | N/A |
| 5+ Bedrooms | - | $757.4K | N/A |
Summary: 20618 housing prices by bedroom type for October 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 decreased by 15.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 20618, MD
How many homes are available in 20618, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The 20618 real estate market had 7 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20618 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20618, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 20618 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 20618, MD
How long does it take to sell a home in 20618, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 30 Days | -71.3% |
Summary: Homes in 20618 had an average of 30 days on market in Oct 2024, down by 71.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20618 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 20618; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
