$6,338 Closing Credit*
$533,690
2,118 SqFt
3 Beds
•3 Full Baths, 1 Partial
Martin K. Alloy, Listing Office: SM Brokerage, LLC
Is 20715, 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, 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
$479,750
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,750(+2.7%)
Key Takeaway
Homes in 20715 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 20715 was $479,750 in November 2024, up 2.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $298.5K | +51.5% |
| 2 Bedrooms | $310K | $326K | +5.2% |
| 3 Bedrooms | $460K | $455K | -1.1% |
| 4 Bedrooms | $472K | $495K | +4.9% |
| 5+ Bedrooms | $528.5K | $559.5K | +5.9% |
Summary: 20715 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 20715, MD
How many homes are available in 20715, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 70 | -5.4% |
Summary: The 20715 real estate market had 70 homes for sale in November 2024, a 5.4% decrease 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 | 31 | 29 | -6.5% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 20715 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 decreased by 6.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 15 | -46.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20715, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 20715 in November 2024, down by 46.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 17 Days | -59.1% |
Summary: Homes in 20715 had an average of 17 days on market in Nov 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20715 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 20715; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
