$5,343 Closing Credit*
$449,950
1,548 SqFt
4 Beds
•2 Full Baths
Dawn L Baxter, Listing Office: Coldwell Banker Realty
Is 20716, 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, 20716 has remained a Seller's Market.
Key Takeaway
20716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20716, MD
How much do homes in 20716, MD cost?
Median Sold Price
$447,247
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,450(+3.8%)
Key Takeaway
Homes in 20716 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 20716 was $447,247 in November 2024, up 3.8% 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 | $200K | $199.9K | -0.1% |
| 2 Bedrooms | $310.4K | $315K | +1.5% |
| 3 Bedrooms | $433.6K | $440.5K | +1.6% |
| 4 Bedrooms | $480K | $500K | +4.2% |
| 5+ Bedrooms | $600K | $630K | +5.0% |
Summary: 20716 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5%.
Housing Supply in 20716, MD
How many homes are available in 20716, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Summary: The 20716 real estate market had 83 homes for sale in November 2024, a 12.2% increase 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 | 9 | 12 | +33.3% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 20716 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 increased by 33.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20716, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20716 in November 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 29% were sold at asking, and 48% were sold over asking.
Days on Market for 20716, MD
How long does it take to sell a home in 20716, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | +0.8% |
Summary: Homes in 20716 had an average of 24 days on market in Nov 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20716 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 20716; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
