$5,047 Closing Credit*
$425,000
2,896 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jessica D Raley, Listing Office: CENTURY 21 New Millennium
Is 20650, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 20650 has remained a Seller's Market.
Key Takeaway
20650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20650, MD
How much do homes in 20650, MD cost?
Median Sold Price
$563,642
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$63,642(+12.7%)
Key Takeaway
Homes in 20650 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 20650 was $563,642 in October 2024, up 12.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $379.9K | $330K | -13.1% |
| 3 Bedrooms | $399.9K | $422K | +5.5% |
| 4 Bedrooms | $530K | $579.9K | +9.4% |
| 5+ Bedrooms | $625K | $631.9K | +1.1% |
Summary: 20650 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 decreased by 13.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Zip Codes
| 20650 | $500K | $563.6K | +12.7% |
| 20636 | $500K | $500K | 0.0% |
Housing Supply in 20650, MD
How many homes are available in 20650, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Summary: The 20650 real estate market had 49 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 20650 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 increased by 25%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20650, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 20650 in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 20650, MD
How long does it take to sell a home in 20650, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 20 Days | -37.3% |
Summary: Homes in 20650 had an average of 20 days on market in Oct 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20650 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 20650; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
