$8,016 Closing Credit*
$675,000
2,678 SqFt
4 Beds
•3 Full Baths, 1 Partial
Dennis P Crecelius, Listing Office: RE/MAX One
Is 20678, 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, 20678 has remained a Seller's Market.
Key Takeaway
20678 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20678, MD
How much do homes in 20678, MD cost?
Median Sold Price
$427,250
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,750(-0.6%)
Key Takeaway
Homes in 20678 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 20678 was $427,250 in November 2024, down 0.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299K | N/A |
| 2 Bedrooms | $310K | $320K | +3.2% |
| 3 Bedrooms | $385K | $386.5K | 0.4% |
| 4 Bedrooms | $520K | $545K | +4.8% |
| 5+ Bedrooms | $675K | $729.9K | +8.1% |
Summary: 20678 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 3.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 20678, MD
How many homes are available in 20678, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The 20678 real estate market had 44 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 | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 20678 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20678, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20678 in November 2024, down by 46.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for 20678, MD
How long does it take to sell a home in 20678, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 47 Days | +62.3% |
Summary: Homes in 20678 had an average of 47 days on market in Nov 2024, up by 62.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20678 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 20678; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
