$4,571 Closing Credit*
$384,900
1,600 SqFt
3 Beds
•2 Full Baths
Spencer C Schwartz, Listing Office: CENTURY 21 New Millennium
Is 20695, 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, 20695 has remained a Seller's Market.
Key Takeaway
20695 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20695, MD
How much do homes in 20695, MD cost?
Median Sold Price
$470,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.1%)
Key Takeaway
Homes in 20695 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 20695 was $470,000 in October 2024, down 1.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $408K | $406K | -0.5% |
| 3 Bedrooms | $445K | $438K | -1.6% |
| 4 Bedrooms | $534.9K | $552.5K | +3.3% |
| 5+ Bedrooms | $588K | $600K | +2.0% |
Summary: 20695 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2%.
Housing Supply in 20695, MD
How many homes are available in 20695, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 61 | -1.6% |
Summary: The 20695 real estate market had 61 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 20695 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 16.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20695, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 20695 in October 2024, down by 28.6% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for 20695, MD
How long does it take to sell a home in 20695, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 27 Days | -28.2% |
Summary: Homes in 20695 had an average of 27 days on market in Oct 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
11 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 20695 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 20695; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
