$4,750 Closing Credit*
$400,000
1,400 SqFt
3 Beds
•2 Full Baths
George Howard, Listing Office: George Howard Real Estate Inc.
Is 20751, 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, 20751 has remained a Seller's Market.
Key Takeaway
20751 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20751, MD
How much do homes in 20751, MD cost?
Median Sold Price
$545,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+21.1%)
Key Takeaway
Homes in 20751 have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in 20751 was $545,000 in October 2024, up 21.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357.5K | $365K | +2.1% |
| 3 Bedrooms | $440K | $480K | +9.1% |
| 4 Bedrooms | $538.7K | $567.9K | +5.4% |
| 5+ Bedrooms | $750K | $657.5K | -12.3% |
Summary: 20751 housing prices by bedroom type for October 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 5.4%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Zip Codes
| 20751 | $450K | $545K | +21.1% |
| 20733 | $388.1K | $449.5K | +15.8% |
| 20711 | $632K | $679.2K | +7.5% |
| 20778 | $650K | $612.5K | -5.8% |
Housing Supply in 20751, MD
How many homes are available in 20751, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 20751 real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 20751 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20751, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 20751 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 11 Days | -88.3% |
Summary: Homes in 20751 had an average of 11 days on market in Oct 2024, down by 88.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20751 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 20751; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
