$7,363 Closing Credit*
$620,000
3,196 SqFt
5 Beds
•3 Full Baths, 1 Partial
Stephen L Queen, Listing Office: Bennett Realty Solutions
Is 20754, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, 20754 has remained a Seller's Market.
Key Takeaway
20754 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20754, MD
How much do homes in 20754, MD cost?
Median Sold Price
$650,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$80,000(+14.0%)
Key Takeaway
Homes in 20754 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 20754 was $650,000 in September 2024, up 14% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $495K | $510K | +3.0% |
| 4 Bedrooms | $630K | $642.5K | +2.0% |
| 5+ Bedrooms | $610K | $750K | +23.0% |
Summary: 20754 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Zip Codes
| 20754 | $570K | $650K | +14.0% |
| 20736 | $587.5K | $625K | +6.4% |
Housing Supply in 20754, MD
How many homes are available in 20754, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 20754 real estate market had 17 homes for sale in September 2024, a 6.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 20754 housing inventory by bedroom type for September 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 increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20754, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20754 in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 20754, MD
How long does it take to sell a home in 20754, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 51 Days | +102.8% |
Summary: Homes in 20754 had an average of 51 days on market in Sep 2024, up by 102.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20754 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in 20754; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
