$5,938 Closing Credit*
$500,000
1,782 SqFt
5 Beds
•2 Full Baths, 1 Partial
Travis Hudnall, Listing Office: Move4Free Realty, LLC
Is 20743, 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, 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
$344,125
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,625(+3.8%)
Key Takeaway
Homes in 20743 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 20743 was $344,125 in October 2024, up 3.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.5K | N/A |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $325K | $329.7K | +1.5% |
| 4 Bedrooms | $350K | $369.9K | +5.7% |
| 5+ Bedrooms | $385K | $415K | +7.8% |
Summary: 20743 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 increased by 4.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 169 | +15.8% |
Summary: The 20743 real estate market had 169 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 62 | 69 | +11.3% |
| 4 Bedrooms | 53 | 57 | +7.5% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The 20743 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 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. 42.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 20743 in October 2024, down by 8.3% month-over-month. Of the 33 sold homes, 27% were sold under asking, 30% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 42 Days | +68.8% |
Summary: Homes in 20743 had an average of 42 days on market in Oct 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 33 homes were sold in 20743; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
