$5,344 Closing Credit*
$450,000
2,570 SqFt
5 Beds
•3 Full Baths
Carlos Contreras, Listing Office: Caprika Realty
Is 20745, 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, 20745 has remained a Seller's Market.
Key Takeaway
20745 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20745, MD
How much do homes in 20745, MD cost?
Median Sold Price
$355,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,900(+2.0%)
Key Takeaway
Homes in 20745 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 20745 was $355,500 in October 2024, up 2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $300K | -6.3% |
| 2 Bedrooms | $215.5K | $310.5K | +44.1% |
| 3 Bedrooms | $345K | $335K | -2.9% |
| 4 Bedrooms | $375K | $430K | +14.7% |
| 5+ Bedrooms | $433.9K | $444K | +2.3% |
Summary: 20745 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 44.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 20745, MD
How many homes are available in 20745, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 99 | +5.3% |
Summary: The 20745 real estate market had 99 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 10 | -23.1% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 20745 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20745, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 20745 in October 2024, down by 26.1% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +17.2% |
Summary: Homes in 20745 had an average of 28 days on market in Oct 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 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 October 2024, 17 homes were sold in 20745; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
