$5,937 Closing Credit*
$499,999
2,360 SqFt
4 Beds
•3 Full Baths
Jordan Lopez, Listing Office: Fairfax Realty Premier
Is 20743, 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, 20743 has remained a Seller's Market.
Key Takeaway
20743 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20743, MD
How much do homes in 20743, MD cost?
Median Sold Price
$346,087
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,087(+4.9%)
Key Takeaway
Homes in 20743 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 20743 was $346,087 in November 2024, up 4.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.5K | N/A |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $325K | $330K | +1.5% |
| 4 Bedrooms | $350K | $371.5K | +6.1% |
| 5+ Bedrooms | $385K | $415K | +7.8% |
Summary: 20743 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 4.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 20743, MD
How many homes are available in 20743, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 157 | 153 | -2.5% |
Summary: The 20743 real estate market had 153 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 71 | 66 | -7.0% |
| 4 Bedrooms | 52 | 44 | -15.4% |
| 5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The 20743 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 42.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 31 | -26.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20743, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 20743 in November 2024, down by 26.2% month-over-month. Of the 31 sold homes, 26% were sold under asking, 29% were sold at asking, and 45% were sold over asking.
Days on Market for 20743, MD
How long does it take to sell a home in 20743, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -22.7% |
Summary: Homes in 20743 had an average of 26 days on market in Nov 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20743 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 20743; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
