$5,937 Closing Credit*
$499,997
1,932 SqFt
4 Beds
•3 Full Baths
Barbara Barnes, Listing Office: RLAH @properties
Is 20706, 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, 20706 has remained a Seller's Market.
Key Takeaway
20706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20706, MD
How much do homes in 20706, MD cost?
Median Sold Price
$450,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.7%)
Key Takeaway
Homes in 20706 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 20706 was $450,000 in November 2024, up 4.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.5K | $134.9K | +6.6% |
| 2 Bedrooms | $265.5K | $324.5K | +22.2% |
| 3 Bedrooms | $404.9K | $415K | +2.5% |
| 4 Bedrooms | $465K | $465K | 0.0% |
| 5+ Bedrooms | $485K | $515K | +6.2% |
Summary: 20706 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 20706, MD
How many homes are available in 20706, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 91 | -2.2% |
Summary: The 20706 real estate market had 91 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 20706 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 21 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20706, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 20706 in November 2024, down by 36.4% month-over-month. Of the 21 sold homes, 14% were sold under asking, 48% were sold at asking, and 38% were sold over asking.
Days on Market for 20706, MD
How long does it take to sell a home in 20706, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | -3.8% |
Summary: Homes in 20706 had an average of 18 days on market in Nov 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20706 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 20706; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
