$5,344 Closing Credit*
$450,000
1,557 SqFt
3 Beds
•3 Full Baths
Khaneisha Yvonne Pagan, Listing Office: KW Metro Center
Is 20737, 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, 20737 has remained a Seller's Market.
Key Takeaway
20737 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20737, MD
How much do homes in 20737, MD cost?
Median Sold Price
$411,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-1.0%)
Key Takeaway
Homes in 20737 have sold for 1% less than they did a year ago.
Summary: The median home sold price in 20737 was $411,000 in October 2024, down 1% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $442.5K | $372.5K | -15.8% |
| 3 Bedrooms | $350K | $362.4K | +3.5% |
| 4 Bedrooms | $422.5K | $425K | +0.6% |
| 5+ Bedrooms | $457.5K | $510K | +11.5% |
Summary: 20737 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 decreased by 15.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 20737, MD
How many homes are available in 20737, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The 20737 real estate market had 24 homes for sale in October 2024, a 11.1% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The 20737 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20737, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 20737 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 20737, MD
How long does it take to sell a home in 20737, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 12 Days | -42.4% |
Summary: Homes in 20737 had an average of 12 days on market in Oct 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
6 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 20737 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 20737; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
