$4,928 Closing Credit*
$415,000
1,365 SqFt
4 Beds
•1 Full Bath
Patsy Hobson
Is 20781, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20781 was a Neutral Market.
Key Takeaway
20781 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20781, MD
How much do homes in 20781, MD cost?
Median Sold Price
$517,450
$258/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$85,050(-14.1%)
Key Takeaway
Homes in 20781 have sold for 14.1% less than they did a month ago.
Summary: The median home sold price in 20781 was $517,450 in October 2024, down 14.1% from last month, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $206K | $225K | +9.2% |
| 3 Bedrooms | $545K | $535K | -1.8% |
| 4 Bedrooms | $760.4K | $599.9K | -21.1% |
| 5+ Bedrooms | $660K | $445K | -32.6% |
Summary: 20781 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 32.6%.
Housing Supply in 20781, MD
How many homes are available in 20781, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The 20781 real estate market had 43 homes for sale in October 2024, a 13.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 20781 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 increased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20781, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 20781 in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 30 Days | -31.5% |
Summary: Homes in 20781 had an average of 30 days on market in Oct 2024, down by 31.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20781 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 20781; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
