$7,801 Closing Credit*
$656,888
2,208 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kathleen Cassidy, Listing Office: DRH Realty Capital, LLC.
Is 20723, 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, 20723 has remained a Seller's Market.
Key Takeaway
20723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20723, MD
How much do homes in 20723, MD cost?
Median Sold Price
$568,966
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,966(+8.4%)
Key Takeaway
Homes in 20723 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 20723 was $568,966 in November 2024, up 8.4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $329.9K | $335K | +1.5% |
| 3 Bedrooms | $450K | $475K | +5.6% |
| 4 Bedrooms | $624K | $680K | +9.0% |
| 5+ Bedrooms | $775K | $915K | +18.1% |
Summary: 20723 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 20723, MD
How many homes are available in 20723, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 59 | -6.3% |
Summary: The 20723 real estate market had 59 homes for sale in November 2024, a 6.3% 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 | 13 | 12 | -7.7% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 20723 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 7.7%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20723, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 20723 in November 2024, up by 27.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.
Days on Market for 20723, MD
How long does it take to sell a home in 20723, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -34.9% |
Summary: Homes in 20723 had an average of 15 days on market in Nov 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
20 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 20723 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 20723; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
