$7,719 Closing Credit*
$650,000
3,292 SqFt
5 Beds
•3 Full Baths, 1 Partial
Sarah A. Reynolds, Listing Office: Keller Williams Chantilly Ventures
Is 20622, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 20622 has remained a Seller's Market.
Key Takeaway
20622 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20622, MD
How much do homes in 20622, MD cost?
Median Sold Price
$472,500
$251/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$35,000(+8.0%)
Key Takeaway
Homes in 20622 have sold for 8% more than they did a month ago.
Summary: The median home sold price in 20622 was $472,500 in October 2024, up 8% from last month, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $425K | $465K | +9.4% |
| 4 Bedrooms | - | $480K | N/A |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: 20622 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 increased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 20622, MD
How many homes are available in 20622, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 20622 real estate market had 17 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 | 5 | 3 | -40.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 20622 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 decreased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20622, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 20622 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 20622, MD
How long does it take to sell a home in 20622, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 14 Days | -57.7% |
Summary: Homes in 20622 had an average of 14 days on market in Oct 2024, down by 57.7% compared to last month.
Breakdown of Home Sale Times
6 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 20622 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 20622; 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.
