$3,562 Closing Credit*
$299,999
1,800 SqFt
3 Beds
•1 Full Bath, 1 Partial
Irvin Kenny, Listing Office: Bennett Realty Solutions
Is 20748, 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, 20748 has remained a Seller's Market.
Key Takeaway
20748 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20748, MD
How much do homes in 20748, MD cost?
Median Sold Price
$360,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 2.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $95K | -5.0% |
| 2 Bedrooms | $157.5K | $155.9K | -1.0% |
| 3 Bedrooms | $320K | $339.9K | +6.2% |
| 4 Bedrooms | $378K | $415K | +9.8% |
| 5+ Bedrooms | $421K | $460K | +9.3% |
Summary: 20748 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 115 | +6.5% |
Summary: The 20748 real estate market had 115 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 26 | 34 | +30.8% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The 20748 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20748, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 20748 in October 2024, down by 21.9% month-over-month. Of the 25 sold homes, 20% were sold under asking, 32% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -0.5% |
Summary: Homes in 20748 had an average of 30 days on market in Oct 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 25 homes were sold in 20748; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
