$5,224 Closing Credit*
$439,900
2,672 SqFt
5 Beds
•3 Full Baths
John R Newman II, Listing Office: Keller Williams Flagship of Maryland
Is 20747, 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, 20747 has remained a Seller's Market.
Key Takeaway
20747 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20747, MD
How much do homes in 20747, MD cost?
Median Sold Price
$345,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.8%)
Key Takeaway
Homes in 20747 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 20747 was $345,000 in November 2024, up 7.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.7K | $95K | -2.8% |
| 2 Bedrooms | $185K | $200K | +8.1% |
| 3 Bedrooms | $320K | $332K | +3.8% |
| 4 Bedrooms | $366.5K | $389K | +6.1% |
| 5+ Bedrooms | $405.5K | $450K | +11.0% |
Summary: 20747 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11%.
Housing Supply in 20747, MD
How many homes are available in 20747, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 102 | -11.3% |
Summary: The 20747 real estate market had 102 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 55 | 47 | -14.5% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 20747 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 4.8%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 22 | -43.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20747, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 20747 in November 2024, down by 43.6% month-over-month. Of the 22 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for 20747, MD
How long does it take to sell a home in 20747, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +25.7% |
Summary: Homes in 20747 had an average of 27 days on market in Nov 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20747 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 20747; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
