$5,344 Closing Credit*
$450,000
1,611 SqFt
3 Beds
•1 Full Bath, 1 Partial
James Gregory, Listing Office: Washington Fine Properties, LLC
Is 20712, 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, 20712 has remained a Seller's Market.
Key Takeaway
20712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20712, MD
How much do homes in 20712, MD cost?
Median Sold Price
$530,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,000(+7.7%)
Key Takeaway
Homes in 20712 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 20712 was $530,000 in November 2024, up 7.7% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $362.5K | $313K | -13.7% |
| 3 Bedrooms | $315K | $497.5K | +57.9% |
| 4 Bedrooms | $534.6K | $536.1K | 0.3% |
| 5+ Bedrooms | $615K | $611.2K | -0.6% |
Summary: 20712 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 13.7%, 3 bedroom homes increased by 57.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 20712, MD
How many homes are available in 20712, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 20712 real estate market had 20 homes for sale in November 2024, a 11.1% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 20712 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20712, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 20712 in November 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 20712, MD
How long does it take to sell a home in 20712, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 26 Days | +609.1% |
Summary: Homes in 20712 had an average of 26 days on market in Nov 2024, up by 609.1% compared to last year.
Breakdown of Home Sale Times
5 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 20712 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 20712; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
