$4,155 Closing Credit*
$349,900
880 SqFt
3 Beds
•1 Full Bath
Michael Soper, Listing Office: Next Step Realty
Is 20737, 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, 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
$413,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,000(-1.7%)
Key Takeaway
Homes in 20737 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 20737 was $413,000 in November 2024, down 1.7% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | - | N/A |
| 2 Bedrooms | $442.5K | $385K | -13.0% |
| 3 Bedrooms | $362.5K | $359.9K | -0.7% |
| 4 Bedrooms | $430K | $423.5K | -1.5% |
| 5+ Bedrooms | $462.5K | $510K | +10.3% |
Summary: 20737 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 decreased by 13%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 20737, MD
How many homes are available in 20737, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The 20737 real estate market had 22 homes for sale in November 2024, a 8.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 20737 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20737, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 20737 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 8 Days | -73.8% |
Summary: Homes in 20737 had an average of 8 days on market in Nov 2024, down by 73.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 5 homes were sold in 20737; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
