$1,413 Closing Credit*
$119,000
2,062 SqFt
3 Beds
•2 Full Baths
Bonita B Grier, Listing Office: Baldus Real Estate, Inc.
Is 20653, 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, 20653 has remained a Seller's Market.
Key Takeaway
20653 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20653, MD
How much do homes in 20653, MD cost?
Median Sold Price
$360,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,333(+4.1%)
Key Takeaway
Homes in 20653 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 20653 was $360,000 in October 2024, up 4.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | $217.5K | +29.5% |
| 3 Bedrooms | $305K | $326K | +6.9% |
| 4 Bedrooms | $411K | $416.5K | +1.3% |
| 5+ Bedrooms | $475K | $481.5K | +1.4% |
Summary: 20653 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 increased by 29.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Zip Codes
| 20653 | $345.6K | $360K | +4.1% |
| 20634 | $316K | $314.5K | -0.5% |
Housing Supply in 20653, MD
How many homes are available in 20653, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 92 | +17.9% |
Summary: The 20653 real estate market had 92 homes for sale in October 2024, a 17.9% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 30 | 44 | +46.7% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 20653 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 33.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20653, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 20653 in October 2024, up by 41.2% month-over-month. Of the 24 sold homes, 21% were sold under asking, 54% were sold at asking, and 25% were sold over asking.
Days on Market for 20653, MD
How long does it take to sell a home in 20653, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +37.0% |
Summary: Homes in 20653 had an average of 28 days on market in Oct 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20653 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 20653; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
