$4,928 Closing Credit*
$415,000
1,632 SqFt
5 Beds
•2 Full Baths
NATALIA M WINFFEL, Listing Office: Samson Properties
Is 20740, 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, 20740 has remained a Seller's Market.
Key Takeaway
20740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20740, MD
How much do homes in 20740, MD cost?
Median Sold Price
$462,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,350(+6.8%)
Key Takeaway
Homes in 20740 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 20740 was $462,000 in November 2024, up 6.8% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $147K | +20.0% |
| 2 Bedrooms | $184K | $206.5K | +12.2% |
| 3 Bedrooms | $415K | $444.5K | +7.1% |
| 4 Bedrooms | $460K | $495K | +7.6% |
| 5+ Bedrooms | $490K | $530.5K | +8.3% |
Summary: 20740 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 20740, MD
How many homes are available in 20740, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 58 | -7.9% |
Summary: The 20740 real estate market had 58 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 26 | 20 | -23.1% |
Summary: The 20740 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20740, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 20740 in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 20740, MD
How long does it take to sell a home in 20740, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | +1.0% |
Summary: Homes in 20740 had an average of 23 days on market in Nov 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20740 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 20740; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
