Is 20677, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20677 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 20677 was a Seller's Market.

Key Takeaway

20677 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 20677, MD

How much do homes in 20677, MD cost?

Median Sold Price

$751,132

$250/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$143,319(+23.6%)

Key Takeaway

Homes in 20677 have sold for 23.6% more than they did a month ago.

Summary: The median home sold price in 20677 was $751,132 in October 2024, up 23.6% from last month, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $607.8K$751.1K
+23.6%
5+ --
N/A

Summary: 20677 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 increased by 23.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

20677
+23.6%
20693
+14.0%

Housing Supply in 20677, MD

How many homes are available in 20677, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
913+44.4%

Summary: The 20677 real estate market had 13 homes for sale in October 2024, a 44.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 66
0.0%
5+ 25
+150.0%

Summary: The 20677 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20677, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 20677 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 20677, MD

How long does it take to sell a home in 20677, MD?

Average Sale Time

Sep 2024Oct 2024CHANGE
41 Days1 Day-97.6%

Summary: Homes in 20677 had an average of 1 days on market in Oct 2024, down by 97.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20677 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 20677; 100% of homes were sold within 30 days, 0% 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

Newest Listings in 20677, MD

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