$4,192 Closing Credit*
$353,000
1,809 SqFt
4 Beds
•2 Full Baths
Tyler Freiheit, Listing Office: RE/MAX Distinctive Real Estate, Inc.
Is 20748, 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, 20748 was a Seller's Market.
Key Takeaway
20748 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20748, MD
How much do homes in 20748, MD cost?
Median Sold Price
$360,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.9%)
Key Takeaway
Homes in 20748 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 20748 was $360,000 in November 2024, up 2.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $115K | +21.1% |
| 2 Bedrooms | $157.5K | $155K | -1.6% |
| 3 Bedrooms | $321.5K | $342.5K | +6.5% |
| 4 Bedrooms | $390K | $415K | +6.4% |
| 5+ Bedrooms | $421K | $460K | +9.3% |
Summary: 20748 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 20748, MD
How many homes are available in 20748, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 108 | +1.9% |
Summary: The 20748 real estate market had 108 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 20748 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 4.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 18 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20748, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 20748 in November 2024, down by 33.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for 20748, MD
How long does it take to sell a home in 20748, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +52.6% |
Summary: Homes in 20748 had an average of 34 days on market in Nov 2024, up by 52.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20748 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 20748; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
