$3,563 Closing Credit*
$300,000
1,409 SqFt
2 Beds
•2 Full Baths
Wondra Faye Mack, Listing Office: Coldwell Banker Realty
Is 20707, 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, 20707 has remained a Seller's Market.
Key Takeaway
20707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20707, MD
How much do homes in 20707, MD cost?
Median Sold Price
$412,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,833(+1.7%)
Key Takeaway
Homes in 20707 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 20707 was $412,000 in November 2024, up 1.7% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $270K | $291.5K | +8.0% |
| 3 Bedrooms | $390.5K | $405K | +3.7% |
| 4 Bedrooms | $527.5K | $550K | +4.3% |
| 5+ Bedrooms | $555K | $580K | +4.5% |
Summary: 20707 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 20707, MD
How many homes are available in 20707, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 100 | +3.1% |
Summary: The 20707 real estate market had 100 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 20707 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 18 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20707, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 20707 in November 2024, down by 45.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for 20707, MD
How long does it take to sell a home in 20707, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 11 Days | -48.7% |
Summary: Homes in 20707 had an average of 11 days on market in Nov 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20707 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 20707; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
