$6,650 Closing Credit*
$560,000
2,050 SqFt
3 Beds
•3 Full Baths
Thomas F Walsh, Listing Office: RE/MAX One
Is 20744, 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, 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
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,100(+4.0%)
Key Takeaway
Homes in 20744 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 20744 was $450,000 in October 2024, up 4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.1K | - | N/A |
| 2 Bedrooms | $230K | $266K | +15.7% |
| 3 Bedrooms | $375K | $385K | +2.7% |
| 4 Bedrooms | $457K | $476.2K | +4.2% |
| 5+ Bedrooms | $470K | $520K | +10.6% |
Summary: 20744 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 15.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 20744, MD
How many homes are available in 20744, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 147 | +7.3% |
Summary: The 20744 real estate market had 147 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 33 | 45 | +36.4% |
| 4 Bedrooms | 61 | 53 | -13.1% |
| 5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The 20744 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20744, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 20744 in October 2024, down by 11.6% month-over-month. Of the 38 sold homes, 18% were sold under asking, 37% were sold at asking, and 45% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +104.7% |
Summary: Homes in 20744 had an average of 26 days on market in Oct 2024, up by 104.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 38 homes were sold in 20744; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
