$4,513 Closing Credit*
$380,000
1,988 SqFt
3 Beds
•2 Full Baths, 2 Partial
Keji A Ogunleye, Listing Office: Taylor Properties
Is 20735, 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, 20735 has remained a Seller's Market.
Key Takeaway
20735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20735, MD
How much do homes in 20735, MD cost?
Median Sold Price
$450,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+7.1%)
Key Takeaway
Homes in 20735 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 20735 was $450,000 in November 2024, up 7.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282.5K | $305K | +8.0% |
| 3 Bedrooms | $392K | $417.5K | +6.5% |
| 4 Bedrooms | $423.7K | $450K | +6.2% |
| 5+ Bedrooms | $475K | $506.7K | +6.7% |
Summary: 20735 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 8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 20735, MD
How many homes are available in 20735, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 105 | -11.0% |
Summary: The 20735 real estate market had 105 homes for sale in November 2024, a 11.0% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 49 | 41 | -16.3% |
| 5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The 20735 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 27 | -32.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20735, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 20735 in November 2024, down by 32.5% month-over-month. Of the 27 sold homes, 26% were sold under asking, 30% were sold at asking, and 44% were sold over asking.
Days on Market for 20735, MD
How long does it take to sell a home in 20735, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -4.1% |
Summary: Homes in 20735 had an average of 22 days on market in Nov 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20735 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 20735; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
