$7,244 Closing Credit*
$609,999
2,606 SqFt
4 Beds
•3 Full Baths, 1 Partial
Juliet Marie Patterson, Listing Office: RE/MAX One
Is 20714, 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, 20714 has remained a Seller's Market.
Key Takeaway
20714 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20714, MD
How much do homes in 20714, MD cost?
Median Sold Price
$450,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+9.2%)
Key Takeaway
Homes in 20714 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 20714 was $450,000 in October 2024, up 9.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $251.5K | +4.8% |
| 2 Bedrooms | $295K | $382.4K | +29.6% |
| 3 Bedrooms | $412K | $415K | +0.7% |
| 4 Bedrooms | $479K | $539.9K | +12.7% |
| 5+ Bedrooms | $623K | $833K | +33.7% |
Summary: 20714 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 33.7%.
Median Sold Price Compared To Nearby Zip Codes
| 20714 | $412K | $450K | +9.2% |
| 20732 | $425K | $425K | 0.0% |
Housing Supply in 20714, MD
How many homes are available in 20714, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The 20714 real estate market had 25 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 20714 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20714, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 20714 in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for 20714, MD
How long does it take to sell a home in 20714, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -41.6% |
Summary: Homes in 20714 had an average of 12 days on market in Oct 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20714 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 20714; 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.
