$10,000 Closing Credit*
$949,900
2,343 SqFt
3 Beds
•3 Full Baths, 1 Partial
Juan C Flores, Listing Office: Fairfax Realty Premier
Is 20722, 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, 20722 has remained a Seller's 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
$439,900
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,900(+8.6%)
Key Takeaway
Homes in 20722 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 20722 was $439,900 in October 2024, up 8.6% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $200K | -1.2% |
| 2 Bedrooms | $305.5K | $315K | +3.1% |
| 3 Bedrooms | $398.5K | $385K | -3.4% |
| 4 Bedrooms | $450K | $471.2K | +4.7% |
| 5+ Bedrooms | $520K | $512.5K | -1.4% |
Summary: 20722 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Zip Codes
| 20722 | $405K | $439.9K | +8.6% |
| 20782 | $480K | $489.1K | +1.9% |
| 20710 | $265K | $266K | 0.4% |
Housing Supply in 20722, MD
How many homes are available in 20722, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The 20722 real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20722 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20722, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 20722 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +57.0% |
Summary: Homes in 20722 had an average of 33 days on market in Oct 2024, up by 57% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20722 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 20722; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
