$3,681 Closing Credit*
$310,000
1,360 SqFt
4 Beds
•2 Full Baths
Lori B Caruso, Listing Office: Home Source Real Estate Solutions
Is 20774, 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, 20774 has remained a Seller's Market.
Key Takeaway
20774 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20774, MD
How much do homes in 20774, MD cost?
Median Sold Price
$464,100
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,102(+3.1%)
Key Takeaway
Homes in 20774 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 20774 was $464,100 in October 2024, up 3.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $142K | +13.6% |
| 2 Bedrooms | $281K | $290K | +3.2% |
| 3 Bedrooms | $450K | $464.3K | +3.2% |
| 4 Bedrooms | $507.5K | $530K | +4.4% |
| 5+ Bedrooms | $630K | $705K | +11.9% |
Summary: 20774 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 20774, MD
How many homes are available in 20774, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 170 | 170 | 0.0% |
Summary: The 20774 real estate market had 170 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 55 | 53 | -3.6% |
| 4 Bedrooms | 54 | 55 | +1.9% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 20774 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 increased by 2.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 48 | -11.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20774, expect to pay close to the asking price. 39.6% of homes here sold near the asking price last month.
Summary: A total of 48 homes were sold or pending in 20774 in October 2024, down by 11.1% month-over-month. Of the 48 sold homes, 21% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 20774, MD
How long does it take to sell a home in 20774, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +107.9% |
Summary: Homes in 20774 had an average of 33 days on market in Oct 2024, up by 107.9% compared to last year.
Breakdown of Home Sale Times
33 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 20774 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 20774; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
