$5,807 Closing Credit*
$489,000
1,856 SqFt
3 Beds
•2 Full Baths
Gail E Nyman, Listing Office: RE/MAX United Real Estate
Is 20754, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20754 was a Seller's Market.
Key Takeaway
20754 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 20754, MD
How much do homes in 20754, MD cost?
Median Sold Price
$650,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,000(+10.4%)
Key Takeaway
Homes in 20754 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 20754 was $650,000 in October 2024, up 10.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $499K | $505K | +1.2% |
| 4 Bedrooms | $646K | $642.5K | -0.5% |
| 5+ Bedrooms | $630K | $745K | +18.3% |
Summary: 20754 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 did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Zip Codes
| 20754 | $589K | $650K | +10.4% |
| 20711 | $632K | $679.2K | +7.5% |
Housing Supply in 20754, MD
How many homes are available in 20754, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Summary: The 20754 real estate market had 20 homes for sale in October 2024, a 42.9% 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 | 1 | 3 | +200.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 20754 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 increased by 200%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20754, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20754 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +13.7% |
Summary: Homes in 20754 had an average of 26 days on market in Oct 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20754 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 20754; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
