$4,738 Closing Credit*
$399,000
1,500 SqFt
3 Beds
•1 Full Bath
Michelle L Faig, Listing Office: O'Brien Realty ERA Powered
Is 20714, 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, 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
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+8.4%)
Key Takeaway
Homes in 20714 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 20714 was $450,000 in November 2024, up 8.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $239.5K | -0.2% |
| 2 Bedrooms | $365K | $375K | +2.7% |
| 3 Bedrooms | $415K | $413.5K | -0.4% |
| 4 Bedrooms | $469K | $545.8K | +16.4% |
| 5+ Bedrooms | $623K | $833K | +33.7% |
Summary: 20714 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 33.7%.
Median Sold Price Compared To Nearby Zip Codes
| 20714 | $415K | $450K | +8.4% |
| 20732 | $419K | $428K | +2.1% |
Housing Supply in 20714, MD
How many homes are available in 20714, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 20714 real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 20714 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 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. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20714 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -2.8% |
Summary: Homes in 20714 had an average of 15 days on market in Nov 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
7 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 November 2024, 8 homes were sold in 20714; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
