Is 20674, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20674 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 20674 has remained a Seller's Market.

Key Takeaway

20674 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20674, MD

How much do homes in 20674, MD cost?

Median Sold Price

$570,000

$233/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$242,450(-29.8%)

Key Takeaway

Homes in 20674 have sold for 29.8% less than they did a month ago.

Summary: The median home sold price in 20674 was $570,000 in October 2024, down 29.8% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$570K
N/A
4 $812.4K-
N/A
5+ --
N/A

Summary: 20674 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 20674, MD

How many homes are available in 20674, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The 20674 real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 31
-66.7%
5+ 12
+100.0%

Summary: The 20674 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20674, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 20674 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 20674, MD

How long does it take to sell a home in 20674, MD?

Average Sale Time

Sep 2024Oct 2024CHANGE
15 Days62 Days+302.2%

Summary: Homes in 20674 had an average of 62 days on market in Oct 2024, up by 302.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20674 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 20674; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in 20674, MD

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