$5,047 Closing Credit*
$425,000
1,066 SqFt
4 Beds
•2 Full Baths, 1 Partial
Catelin Schwarz, Listing Office: NextHome Envision
Is 20745, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 20745 was a Seller's Market.
Key Takeaway
20745 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20745, MD
How much do homes in 20745, MD cost?
Median Sold Price
$360,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,450(+3.3%)
Key Takeaway
Homes in 20745 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 20745 was $360,000 in November 2024, up 3.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $305K | -3.2% |
| 2 Bedrooms | $221.7K | $302.5K | +36.4% |
| 3 Bedrooms | $342.5K | $337K | -1.6% |
| 4 Bedrooms | $375K | $432.5K | +15.3% |
| 5+ Bedrooms | $435K | $459K | +5.5% |
Summary: 20745 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 20745, MD
How many homes are available in 20745, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 96 | +7.9% |
Summary: The 20745 real estate market had 96 homes for sale in November 2024, a 7.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 35 | 40 | +14.3% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 20745 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
3 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 20745, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 20745 in November 2024, down by 38.9% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 20745, MD
How long does it take to sell a home in 20745, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 20 Days | -74.4% |
Summary: Homes in 20745 had an average of 20 days on market in Nov 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20745 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 20745; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
