Is 20776, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20776 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 20776 has remained a Seller's Market.

Key Takeaway

20776 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20776, MD

How much do homes in 20776, MD cost?

Median Sold Price

$810,000

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$120,100(+17.4%)

Key Takeaway

Homes in 20776 have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in 20776 was $810,000 in November 2024, up 17.4% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$1.1M
N/A
3 $505K$750K
+48.5%
4 $712.5K$750K
+5.3%
5+ $803K$975K
+21.4%

Summary: 20776 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 48.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 21.4%.

Median Sold Price Compared To Nearby Zip Codes

20776
+17.4%
20778
+8.5%
21035
+4.3%
21037
+2.3%

Housing Supply in 20776, MD

How many homes are available in 20776, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
65-16.7%

Summary: The 20776 real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 10
-100.0%
5+ 33
0.0%

Summary: The 20776 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in 20776, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 20776 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 20776, MD

How long does it take to sell a home in 20776, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days30 Days+17.6%

Summary: Homes in 20776 had an average of 30 days on market in Nov 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Avg time on Rocket Homes in 20776 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 20776; 0% of homes were sold within 30 days, 100% 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 23 Days Ago

Newest Listings in 20776, MD

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