$199,900
3.55 Acres
Land
Kevin P. Turner, Listing Office: Home Towne Real Estate
Is 20657, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20657 has remained a Seller's Market.
Key Takeaway
20657 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20657, MD
How much do homes in 20657, MD cost?
Median Sold Price
$353,300
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,300(+7.1%)
Key Takeaway
Homes in 20657 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 20657 was $353,300 in November 2024, up 7.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $269.4K | -10.2% |
| 2 Bedrooms | $275.7K | $280.5K | +1.7% |
| 3 Bedrooms | $310K | $340K | +9.7% |
| 4 Bedrooms | $355K | $380K | +7.0% |
| 5+ Bedrooms | $395K | $400.5K | +1.4% |
Summary: 20657 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 20657, MD
How many homes are available in 20657, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 107 | 0.0% |
Summary: The 20657 real estate market had 107 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 55 | 55 | 0.0% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The 20657 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20657, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 20657 in November 2024, down by 31.0% month-over-month. Of the 20 sold homes, 15% were sold under asking, 45% were sold at asking, and 40% were sold over asking.
Days on Market for 20657, MD
How long does it take to sell a home in 20657, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +42.3% |
Summary: Homes in 20657 had an average of 32 days on market in Nov 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20657 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 20657; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
