$5,284 Closing Credit*
$445,000
936 SqFt
4 Beds
•2 Full Baths
Yeny G Villatoro Reyes, Listing Office: Samson Properties
Is 20705, 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, 20705 has remained a Seller's Market.
Key Takeaway
20705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20705, MD
How much do homes in 20705, MD cost?
Median Sold Price
$450,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.7%)
Key Takeaway
Homes in 20705 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 20705 was $450,000 in November 2024, up 4.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $145K | +10.7% |
| 2 Bedrooms | $175K | $190K | +8.6% |
| 3 Bedrooms | $427.5K | $440K | +2.9% |
| 4 Bedrooms | $501.5K | $510.2K | +1.7% |
| 5+ Bedrooms | $535K | $553K | +3.4% |
Summary: 20705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 20705, MD
How many homes are available in 20705, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 62 | -11.4% |
Summary: The 20705 real estate market had 62 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 25 | 18 | -28.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 20705 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20705, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 20705 in November 2024, down by 23.1% month-over-month. Of the 20 sold homes, 10% were sold under asking, 45% were sold at asking, and 45% were sold over asking.
Days on Market for 20705, MD
How long does it take to sell a home in 20705, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -20.2% |
Summary: Homes in 20705 had an average of 21 days on market in Nov 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20705 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 20705; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
