$4,036 Closing Credit*
$339,900
1,962 SqFt
3 Beds
•2 Full Baths
William A Harris, Listing Office: Coldwell Banker Jay Lilly 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 October 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
$350,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.1%)
Key Takeaway
Homes in 20657 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 20657 was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $269.4K | -10.2% |
| 2 Bedrooms | $262.5K | $279.7K | +6.6% |
| 3 Bedrooms | $310K | $340K | +9.7% |
| 4 Bedrooms | $355K | $379.9K | +7.0% |
| 5+ Bedrooms | $385K | $400.5K | +4.0% |
Summary: 20657 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Zip Codes
| 20657 | $330K | $350K | +6.1% |
| 20685 | $430K | $415K | -3.5% |
Housing Supply in 20657, MD
How many homes are available in 20657, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 117 | +20.6% |
Summary: The 20657 real estate market had 117 homes for sale in October 2024, a 20.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 47 | 58 | +23.4% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 20657 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20657, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 20657 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 27% were sold under asking, 38% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -26.8% |
Summary: Homes in 20657 had an average of 20 days on market in Oct 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 26 homes were sold in 20657; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
