$5,938 Closing Credit*
$500,000
1,872 SqFt
4 Beds
•3 Full Baths
Charles B Chapman, Listing Office: RE/MAX Realty Services
Is 20716, 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, 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
$445,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.5%)
Key Takeaway
Homes in 20716 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 20716 was $445,000 in October 2024, up 3.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $215K | +16.2% |
| 2 Bedrooms | $310.4K | $315K | +1.5% |
| 3 Bedrooms | $429.7K | $435K | +1.2% |
| 4 Bedrooms | $480K | $497.5K | +3.6% |
| 5+ Bedrooms | $607.5K | $630K | +3.7% |
Summary: 20716 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 20716, MD
How many homes are available in 20716, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 74 | 0.0% |
Summary: The 20716 real estate market had 74 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 20716 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20716, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 20716 in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 44% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 33 Days | +96.7% |
Summary: Homes in 20716 had an average of 33 days on market in Oct 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 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 October 2024, 16 homes were sold in 20716; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
