$5,688 Closing Credit*
$479,000
1,632 SqFt
4 Beds
•2 Full Baths
Claudia Chang, Listing Office: Samson Properties
Is 20715, 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, 20715 has remained a Seller's Market.
Key Takeaway
20715 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20715, MD
How much do homes in 20715, MD cost?
Median Sold Price
$480,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.2%)
Key Takeaway
Homes in 20715 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 20715 was $480,000 in October 2024, up 3.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $298.5K | +51.5% |
| 2 Bedrooms | $310K | $340K | +9.7% |
| 3 Bedrooms | $460K | $455K | -1.1% |
| 4 Bedrooms | $472K | $495K | +4.9% |
| 5+ Bedrooms | $528.5K | $570K | +7.9% |
Summary: 20715 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 20715, MD
How many homes are available in 20715, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Summary: The 20715 real estate market had 81 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 24 | 34 | +41.7% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The 20715 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20715, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 20715 in October 2024, down by 12.5% month-over-month. Of the 28 sold homes, 14% were sold under asking, 36% were sold at asking, and 50% were sold over asking.
Days on Market for 20715, MD
How long does it take to sell a home in 20715, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 15 Days | -51.2% |
Summary: Homes in 20715 had an average of 15 days on market in Oct 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20715 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 20715; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
