$3,266 Closing Credit*
$275,000
1,530 SqFt
4 Beds
•2 Full Baths, 1 Partial
Young C Kang, Listing Office: Trademark Realty, Inc
Is 20722, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 20722 was a Neutral Market.
Key Takeaway
20722 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20722, MD
How much do homes in 20722, MD cost?
Median Sold Price
$439,950
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,950(+14.0%)
Key Takeaway
Homes in 20722 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 20722 was $439,950 in November 2024, up 14% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $200K | -1.2% |
| 2 Bedrooms | $292.7K | $335K | +14.4% |
| 3 Bedrooms | $386K | $375K | -2.8% |
| 4 Bedrooms | $450K | $471.2K | +4.7% |
| 5+ Bedrooms | $520K | $512.5K | -1.4% |
Summary: 20722 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 20722, MD
How many homes are available in 20722, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The 20722 real estate market had 15 homes for sale in November 2024, a 11.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 20722 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20722, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 20722 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 20722, MD
How long does it take to sell a home in 20722, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -30.0% |
Summary: Homes in 20722 had an average of 12 days on market in Nov 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20722 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 20722; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
