$4,156 Closing Credit*
$350,000
1,398 SqFt
2 Beds
•2 Full Baths, 1 Partial
Tareia Overton, Listing Office: EXP Realty, LLC
Is 20774, 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, 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
$457,404
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$920(-0.2%)
Key Takeaway
The sold price of homes in 20774 has remained the same since last year.
Summary: The median home sold price in 20774 was $457,404 in November 2024, down 0.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $287.4K | $280K | -2.6% |
| 3 Bedrooms | $462.6K | $455K | -1.7% |
| 4 Bedrooms | $525.1K | $528K | 0.5% |
| 5+ Bedrooms | $617.5K | $712.8K | +15.4% |
Summary: 20774 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 20774, MD
How many homes are available in 20774, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 143 | -10.6% |
Summary: The 20774 real estate market had 143 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 35 | 33 | -5.7% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 52 | 42 | -19.2% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 20774 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 30 | -40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20774, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 20774 in November 2024, down by 40.0% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 27 Days | +115.5% |
Summary: Homes in 20774 had an average of 27 days on market in Nov 2024, up by 115.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 30 homes were sold in 20774; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
