$6,448 Closing Credit*
$543,000
3 Beds
•2 Full Baths, 1 Partial
Ruth-Ann Mudd, Listing Office: RE/MAX One
Is 20645, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20645 was a Seller's Market.
Key Takeaway
20645 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20645, MD
How much do homes in 20645, MD cost?
Median Sold Price
$465,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,500(-6.5%)
Key Takeaway
Homes in 20645 have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in 20645 was $465,000 in October 2024, down 6.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $464.9K | $444.5K | -4.4% |
| 4 Bedrooms | $492.4K | $518K | +5.2% |
| 5+ Bedrooms | $569K | $892.5K | +56.9% |
Summary: 20645 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 did not change, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 56.9%.
Housing Supply in 20645, MD
How many homes are available in 20645, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The 20645 real estate market had 14 homes for sale in October 2024, a 17.6% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 20645 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 80%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20645, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 20645 in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 20645, MD
How long does it take to sell a home in 20645, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 113 Days | +303.6% |
Summary: Homes in 20645 had an average of 113 days on market in Oct 2024, up by 303.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 20645 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 20645; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
