$4,738 Closing Credit*
$399,000
2,298 SqFt
4 Beds
•2 Full Baths
Michael A Makris, Listing Office: McEnearney Associates, LLC
Is 20746, 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, 20746 has remained a Seller's Market.
Key Takeaway
20746 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20746, MD
How much do homes in 20746, MD cost?
Median Sold Price
$330,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.5%)
Key Takeaway
Homes in 20746 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 20746 was $330,000 in October 2024, up 1.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | $91K | -22.6% |
| 2 Bedrooms | $145K | $150K | +3.4% |
| 3 Bedrooms | $312.5K | $341K | +9.1% |
| 4 Bedrooms | $385K | $394K | +2.3% |
| 5+ Bedrooms | $420K | $415K | -1.2% |
Summary: 20746 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 20746, MD
How many homes are available in 20746, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The 20746 real estate market had 82 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 20746 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
7 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 20746, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 20746 in October 2024, down by 46.2% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 20746, MD
How long does it take to sell a home in 20746, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +78.2% |
Summary: Homes in 20746 had an average of 23 days on market in Oct 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20746 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 20746; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
