$5,059 Closing Credit*
$426,000
2,366 SqFt
4 Beds
•2 Full Baths, 2 Partial
Kanwal R Chaudry, Listing Office: RE/MAX Galaxy
Is 20732, 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, 20732 has remained a Seller's Market.
Key Takeaway
20732 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20732, MD
How much do homes in 20732, MD cost?
Median Sold Price
$425,000
$220/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 20732 has remained the same since last year.
Summary: The median home sold price in 20732 was $425,000 in October 2024, the same as last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | - | N/A |
| 2 Bedrooms | $325K | $325K | 0.0% |
| 3 Bedrooms | $371K | $392.4K | +5.8% |
| 4 Bedrooms | $565K | $495K | -12.4% |
| 5+ Bedrooms | $659.5K | $680K | +3.1% |
Summary: 20732 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 20732, MD
How many homes are available in 20732, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The 20732 real estate market had 40 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 20732 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 42.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20732, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20732 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for 20732, MD
How long does it take to sell a home in 20732, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +37.5% |
Summary: Homes in 20732 had an average of 13 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20732 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 20732; 88% 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.
