Is 20765, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20765 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 20765 has remained a Seller's Market.

Key Takeaway

20765 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20765, MD

How much do homes in 20765, MD cost?

Median Sold Price

$730,000

$370/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$770,000(-51.3%)

Key Takeaway

Homes in 20765 have sold for 51.3% less than they did a month ago.

Summary: The median home sold price in 20765 was $730,000 in November 2024, down 51.3% from last month, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$730K
N/A
4 --
N/A
5+ $1.5M-
N/A

Summary: 20765 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 20765, MD

How many homes are available in 20765, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
220.0%

Summary: The 20765 real estate market had 2 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 11
0.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The 20765 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20765, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 20765 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 20765, MD

How long does it take to sell a home in 20765, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
78 Days2 Days-97.4%

Summary: Homes in 20765 had an average of 2 days on market in Nov 2024, down by 97.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20765 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 20765; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 20765, MD

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