Is 20653, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20653 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 20653 was a Seller's Market.

Key Takeaway

20653 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 20653, MD

How much do homes in 20653, MD cost?

Median Sold Price

$359,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,550(+3.0%)

Key Takeaway

Homes in 20653 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 20653 was $359,000 in November 2024, up 3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $168K$217.5K
+29.5%
3 $305K$325K
+6.6%
4 $405K$417K
+3.0%
5+ $472.4K$485.7K
+2.8%

Summary: 20653 housing prices by bedroom type for November 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 6.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

20653
+3.0%
20634
+0.6%

Housing Supply in 20653, MD

How many homes are available in 20653, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8779-9.2%

Summary: The 20653 real estate market had 79 homes for sale in November 2024, a 9.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4140
-2.4%
4 2520
-20.0%
5+ 1815
-16.7%

Summary: The 20653 housing inventory by bedroom type for November 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 decreased by 2.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2412-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20653, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 20653 in November 2024, down by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
15 Days27 Days+75.1%

Summary: Homes in 20653 had an average of 27 days on market in Nov 2024, up by 75.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20653 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 20653; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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