$5,522 Closing Credit*
$465,000
1,856 SqFt
4 Beds
•2 Full Baths, 1 Partial
Francis R Mudd III, Listing Office: Schwartz Realty, Inc.
Is 20754, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+5.3%)
Key Takeaway
Homes in 20754 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 20754 was $650,000 in November 2024, up 5.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $517K | $490K | -5.2% |
| 4 Bedrooms | $627.5K | $691.5K | +10.2% |
| 5+ Bedrooms | $654.9K | $734K | +12.1% |
Summary: 20754 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 did not change, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Zip Codes
| 20711 | $650K | $742.5K | +14.2% |
| 20754 | $617K | $650K | +5.3% |
Housing Supply in 20754, MD
How many homes are available in 20754, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The 20754 real estate market had 21 homes for sale in November 2024, a 10.5% 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 | 2 | 5 | +150.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 20754 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 increased by 150%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 20754 in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +7.1% |
Summary: Homes in 20754 had an average of 22 days on market in Nov 2024, up by 7.1% 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 November 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.
