$9,203 Closing Credit*
$775,000
2,112 SqFt
4 Beds
•2 Full Baths, 1 Partial
Steven C. James, Listing Office: EXP Realty, LLC
Is 20777, 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, 20777 has remained a Seller's Market.
Key Takeaway
20777 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20777, MD
How much do homes in 20777, MD cost?
Median Sold Price
$960,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,050(+14.3%)
Key Takeaway
Homes in 20777 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 20777 was $960,000 in October 2024, up 14.3% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $435K | N/A |
| 3 Bedrooms | $751K | $750K | -0.1% |
| 4 Bedrooms | $787.5K | $925K | +17.5% |
| 5+ Bedrooms | $1.2M | $1.1M | -8.9% |
Summary: 20777 housing prices by bedroom type for October 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 decreased by 0.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Zip Codes
| 20777 | $839.9K | $960K | +14.3% |
| 20759 | $825K | $880K | +6.7% |
Housing Supply in 20777, MD
How many homes are available in 20777, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The 20777 real estate market had 16 homes for sale in October 2024, a 77.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The 20777 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20777, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 20777 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 20777, MD
How long does it take to sell a home in 20777, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 10 Days | -72.4% |
Summary: Homes in 20777 had an average of 10 days on market in Oct 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20777 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 20777; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
