$5,522 Closing Credit*
$465,000
2,160 SqFt
4 Beds
•2 Full Baths
James P Schaecher, Listing Office: Keller Williams Flagship of Maryland
Is 20772, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$470,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,782(-1.4%)
Key Takeaway
Homes in 20772 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 20772 was $470,000 in November 2024, down 1.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $191K | +3.2% |
| 2 Bedrooms | $300K | $310K | +3.3% |
| 3 Bedrooms | $464.7K | $453.5K | -2.4% |
| 4 Bedrooms | $535K | $527K | -1.5% |
| 5+ Bedrooms | $721.3K | $650K | -9.9% |
Summary: 20772 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 20772, MD
How many homes are available in 20772, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 187 | +1.1% |
Summary: The 20772 real estate market had 187 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 62 | 57 | -8.1% |
| 4 Bedrooms | 55 | 60 | +9.1% |
| 5+ Bedrooms | 46 | 41 | -10.9% |
Summary: The 20772 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 10.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 46 | -6.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20772, expect to pay close to the asking price. 37% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in 20772 in November 2024, down by 6.1% month-over-month. Of the 46 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -8.1% |
Summary: Homes in 20772 had an average of 30 days on market in Nov 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
12 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 November 2024, 46 homes were sold in 20772; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
