$4,038 Closing Credit*
$340,000
1,116 SqFt
3 Beds
•1 Full Bath
Tiffany E Konegen, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is 20778, 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, 20778 has remained a Seller's Market.
Key Takeaway
20778 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20778, MD
How much do homes in 20778, MD cost?
Median Sold Price
$705,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,100(+8.5%)
Key Takeaway
Homes in 20778 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 20778 was $705,000 in November 2024, up 8.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $485K | N/A |
| 3 Bedrooms | $512.5K | $537.4K | +4.9% |
| 4 Bedrooms | $625K | $720K | +15.2% |
| 5+ Bedrooms | $740K | $830K | +12.2% |
Summary: 20778 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 4.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 20778, MD
How many homes are available in 20778, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The 20778 real estate market had 6 homes for sale in November 2024, a 33.3% decrease 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 | 1 | 2 | +100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 20778 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 increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20778, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 20778 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 20778, MD
How long does it take to sell a home in 20778, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 49 Days | +336.8% |
Summary: Homes in 20778 had an average of 49 days on market in Nov 2024, up by 336.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20778 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 20778; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
