$4,631 Closing Credit*
$390,000
1,116 SqFt
3 Beds
•1 Full Bath, 1 Partial
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 October 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
$612,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$37,500(-5.8%)
Key Takeaway
Homes in 20778 have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in 20778 was $612,500 in October 2024, down 5.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $485K | N/A |
| 3 Bedrooms | $512.5K | $522.5K | +2.0% |
| 4 Bedrooms | $618.5K | $712.5K | +15.2% |
| 5+ Bedrooms | $775K | $740K | -4.5% |
Summary: 20778 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 increased by 2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 20778, MD
How many homes are available in 20778, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 20778 real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 20778 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 remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20778, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 20778 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 113 Days | 38 Days | -66.5% |
Summary: Homes in 20778 had an average of 38 days on market in Oct 2024, down by 66.5% 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 20778 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 20778; 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.
