$10,000 Closing Credit*
$900,000
2,969 SqFt
4 Beds
•3 Full Baths
Teresa L Westerlund, Listing Office: Samson Properties
Is 20777, 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, 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
$910,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,050(+8.3%)
Key Takeaway
Homes in 20777 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 20777 was $910,000 in November 2024, up 8.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $435K | N/A |
| 3 Bedrooms | $751K | $740K | -1.5% |
| 4 Bedrooms | $787.5K | $1.0M | +29.2% |
| 5+ Bedrooms | $1.2M | $1.1M | -5.7% |
Summary: 20777 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 decreased by 1.5%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Zip Codes
| 20759 | $800K | $891.5K | +11.4% |
| 20777 | $839.9K | $910K | +8.3% |
| 21029 | $950K | $1.0M | +7.9% |
Housing Supply in 20777, MD
How many homes are available in 20777, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The 20777 real estate market had 18 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 20777 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 increased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20777, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 20777 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 53 Days | +75.4% |
Summary: Homes in 20777 had an average of 53 days on market in Nov 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20777 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 20777; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
