$6,234 Closing Credit*
$525,000
2,100 SqFt
3 Beds
•2 Full Baths, 1 Partial
Teairra Jones, Listing Office: Samson Properties
Is 20689, 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, 20689 has remained a Seller's Market.
Key Takeaway
20689 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20689, MD
How much do homes in 20689, MD cost?
Median Sold Price
$579,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,500(-3.4%)
Key Takeaway
Homes in 20689 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 20689 was $579,500 in November 2024, down 3.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $354.6K | $300K | -15.4% |
| 3 Bedrooms | $515K | $460K | -10.7% |
| 4 Bedrooms | $610K | $522K | -14.4% |
| 5+ Bedrooms | $630K | $639.5K | +1.5% |
Summary: 20689 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 decreased by 15.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 20689, MD
How many homes are available in 20689, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The 20689 real estate market had 4 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20689 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20689, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 20689 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 20689, MD
How long does it take to sell a home in 20689, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 52 Days | +940.0% |
Summary: Homes in 20689 had an average of 52 days on market in Nov 2024, up by 940% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20689 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 20689; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
