$129,900
0.23 Acres
Land
Katherine M Grimley, Listing Office: RE/MAX Leading Edge
Is 20764, 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, 20764 has remained a Seller's Market.
Key Takeaway
20764 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20764, MD
How much do homes in 20764, MD cost?
Median Sold Price
$406,875
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,125(-3.4%)
Key Takeaway
Homes in 20764 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 20764 was $406,875 in October 2024, down 3.4% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $319K | $322K | +0.9% |
| 3 Bedrooms | $375K | $408.7K | +9.0% |
| 4 Bedrooms | $530K | $492K | -7.2% |
| 5+ Bedrooms | $934.9K | $677K | -27.6% |
Summary: 20764 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 0.9%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Zip Codes
| 20733 | $388.1K | $449.5K | +15.8% |
| 20764 | $421K | $406.8K | -3.4% |
| 20778 | $650K | $612.5K | -5.8% |
Housing Supply in 20764, MD
How many homes are available in 20764, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The 20764 real estate market had 30 homes for sale in October 2024, a 25.0% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 20764 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 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20764, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20764 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 20764, MD
How long does it take to sell a home in 20764, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 21 Days | -68.6% |
Summary: Homes in 20764 had an average of 21 days on market in Oct 2024, down by 68.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20764 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 20764; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
