$5,344 Closing Credit*
$449,990
1,628 SqFt
4 Beds
•2 Full Baths, 1 Partial
Shadee K Thomas Lake, Listing Office: Weichert, REALTORS
Is 20721, 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, 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
$575,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,666(+5.1%)
Key Takeaway
Homes in 20721 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 20721 was $575,000 in November 2024, up 5.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $159K | -3.6% |
| 2 Bedrooms | $288K | $350K | +21.5% |
| 3 Bedrooms | $428.7K | $432K | +0.8% |
| 4 Bedrooms | $570K | $581.2K | +2.0% |
| 5+ Bedrooms | $680K | $707K | +4.0% |
Summary: 20721 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 4%.
Housing Supply in 20721, MD
How many homes are available in 20721, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Summary: The 20721 real estate market had 61 homes for sale in November 2024, a 10.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The 20721 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20721, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 20721 in November 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +7.7% |
Summary: Homes in 20721 had an average of 14 days on market in Nov 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20721 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 20721; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
