$6,175 Closing Credit*
$519,999
1,568 SqFt
3 Beds
•2 Full Baths, 1 Partial
Carey L Laycock, Listing Office: RE/MAX Leading Edge
Is 20751, 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, 20751 has remained a Buyer's Market.
Key Takeaway
20751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20751, MD
How much do homes in 20751, MD cost?
Median Sold Price
$547,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$97,000(+21.6%)
Key Takeaway
Homes in 20751 have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in 20751 was $547,000 in November 2024, up 21.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357.5K | $365K | +2.1% |
| 3 Bedrooms | $440K | $480K | +9.1% |
| 4 Bedrooms | $538.7K | $587.9K | +9.1% |
| 5+ Bedrooms | $750K | $657.5K | -12.3% |
Summary: 20751 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Zip Codes
| 20751 | $450K | $547K | +21.6% |
| 20733 | $388.1K | $450K | +15.9% |
| 20711 | $650K | $742.5K | +14.2% |
| 20778 | $649.9K | $705K | +8.5% |
Housing Supply in 20751, MD
How many homes are available in 20751, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The 20751 real estate market had 17 homes for sale in November 2024, a 30.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 20751 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20751, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 20751 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 20751, MD
How long does it take to sell a home in 20751, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 56 Days | +166.7% |
Summary: Homes in 20751 had an average of 56 days on market in Nov 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20751 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 20751; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
