$5,344 Closing Credit*
$450,000
880 SqFt
4 Beds
•2 Full Baths
Elizabeth London, Listing Office: Signature Home Realty LLC
Is 20781, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 20781 was a Seller's Market.
Key Takeaway
20781 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20781, MD
How much do homes in 20781, MD cost?
Median Sold Price
$503,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,000(+9.3%)
Key Takeaway
Homes in 20781 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 20781 was $503,000 in November 2024, up 9.3% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $151.2K | +8.0% |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $519.4K | $547.5K | +5.4% |
| 4 Bedrooms | $487.5K | $595.9K | +22.2% |
| 5+ Bedrooms | $507.5K | $490K | -3.4% |
Summary: 20781 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 20781, MD
How many homes are available in 20781, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Summary: The 20781 real estate market had 43 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 20781 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 increased by 42.9%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20781, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 20781 in November 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for 20781, MD
How long does it take to sell a home in 20781, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +35.2% |
Summary: Homes in 20781 had an average of 23 days on market in Nov 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
6 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 20781 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 20781; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
