$5,929 Closing Credit*
$499,311
2,206 SqFt
3 Beds
•3 Full Baths
Keith James, Listing Office: Keller Williams Capital Properties
Is 20721, 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, 20721 has remained a Seller's Market.
Key Takeaway
20721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20721, MD
How much do homes in 20721, MD cost?
Median Sold Price
$579,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+7.2%)
Key Takeaway
Homes in 20721 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 20721 was $579,000 in October 2024, up 7.2% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $159K | -3.6% |
| 2 Bedrooms | $282.5K | $335K | +18.6% |
| 3 Bedrooms | $420K | $429.9K | +2.4% |
| 4 Bedrooms | $569K | $580K | +1.9% |
| 5+ Bedrooms | $682.5K | $697.5K | +2.2% |
Summary: 20721 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 20721, MD
How many homes are available in 20721, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Summary: The 20721 real estate market had 60 homes for sale in October 2024, a 13.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 20721 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 100%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20721, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 20721 in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 20721, MD
How long does it take to sell a home in 20721, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | +1.1% |
Summary: Homes in 20721 had an average of 22 days on market in Oct 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20721 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 20721; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
