$4,630 Closing Credit*
$389,900
1,428 SqFt
3 Beds
•1 Full Bath, 1 Partial
Mary E. Warren, Listing Office: Taylor Properties
Is 20744, 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, 20744 has remained a Seller's Market.
Key Takeaway
20744 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20744, MD
How much do homes in 20744, MD cost?
Median Sold Price
$450,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.4%)
Key Takeaway
Homes in 20744 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 20744 was $450,000 in November 2024, up 3.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.1K | - | N/A |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $380K | $370K | -2.6% |
| 4 Bedrooms | $455K | $479.9K | +5.5% |
| 5+ Bedrooms | $475.5K | $520K | +9.4% |
Summary: 20744 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 6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in 20744, MD
How many homes are available in 20744, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 135 | 128 | -5.2% |
Summary: The 20744 real estate market had 128 homes for sale in November 2024, a 5.2% 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 48 | 39 | -18.8% |
| 5+ Bedrooms | 38 | 41 | +7.9% |
Summary: The 20744 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 30 | -28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20744, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 20744 in November 2024, down by 28.6% month-over-month. Of the 30 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for 20744, MD
How long does it take to sell a home in 20744, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 45 Days | +97.1% |
Summary: Homes in 20744 had an average of 45 days on market in Nov 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20744 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 20744; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
