$5,641 Closing Credit*
$475,000
1,440 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brian K Creamer, Listing Office: Renter's Warehouse DC
Is 20772, 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, 20772 has remained a Seller's Market.
Key Takeaway
20772 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20772, MD
How much do homes in 20772, MD cost?
Median Sold Price
$462,075
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,305(-3.4%)
Key Takeaway
Homes in 20772 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 20772 was $462,075 in October 2024, down 3.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $190K | +2.7% |
| 2 Bedrooms | $300K | $309K | +3.0% |
| 3 Bedrooms | $465K | $450.1K | -3.2% |
| 4 Bedrooms | $522K | $529.5K | +1.4% |
| 5+ Bedrooms | $705K | $660K | -6.4% |
Summary: 20772 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 20772, MD
How many homes are available in 20772, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 188 | 201 | +6.9% |
Summary: The 20772 real estate market had 201 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 64 | 65 | +1.6% |
| 4 Bedrooms | 56 | 59 | +5.4% |
| 5+ Bedrooms | 39 | 49 | +25.6% |
Summary: The 20772 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20772, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in 20772 in October 2024, up by 7.1% month-over-month. Of the 45 sold homes, 36% were sold under asking, 27% were sold at asking, and 38% were sold over asking.
Days on Market for 20772, MD
How long does it take to sell a home in 20772, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +36.0% |
Summary: Homes in 20772 had an average of 30 days on market in Oct 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20772 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 20772; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
