$4,133 Closing Credit*
$348,000
2,225 SqFt
3 Beds
•2 Full Baths, 1 Partial
Eryca R. Lewis, Listing Office: Samson Properties
Is 20747, 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, 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
$340,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.3%)
Key Takeaway
Homes in 20747 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 20747 was $340,000 in October 2024, up 6.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $99.3K | +4.0% |
| 2 Bedrooms | $175K | $223.3K | +27.6% |
| 3 Bedrooms | $316.5K | $330K | +4.3% |
| 4 Bedrooms | $368K | $389.5K | +5.8% |
| 5+ Bedrooms | $405.5K | $450K | +11.0% |
Summary: 20747 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 125 | +13.6% |
Summary: The 20747 real estate market had 125 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 55 | 62 | +12.7% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 20747 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 increased by 5.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20747, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 20747 in October 2024, up by 70.0% month-over-month. Of the 34 sold homes, 29% were sold under asking, 38% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +38.6% |
Summary: Homes in 20747 had an average of 31 days on market in Oct 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20747 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 20747; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
