$4,097 Closing Credit*
$345,000
1,080 SqFt
3 Beds
•2 Full Baths, 1 Partial
Claudia V Cornejo, Listing Office: Samson Properties
Is 20784, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20784 was a Seller's Market.
Key Takeaway
20784 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 20784, MD
How much do homes in 20784, MD cost?
Median Sold Price
$370,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.2%)
Key Takeaway
Homes in 20784 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 20784 was $370,000 in October 2024, up 4.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $123.5K | +7.4% |
| 2 Bedrooms | $148.7K | $158K | +6.2% |
| 3 Bedrooms | $355K | $365K | +2.8% |
| 4 Bedrooms | $395K | $400K | +1.3% |
| 5+ Bedrooms | $420K | $447.5K | +6.5% |
Summary: 20784 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 20784, MD
How many homes are available in 20784, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 52 | +10.6% |
Summary: The 20784 real estate market had 52 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The 20784 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20784, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20784 in October 2024, down by 57.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 20784, MD
How long does it take to sell a home in 20784, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 32 Days | +160.0% |
Summary: Homes in 20784 had an average of 32 days on market in Oct 2024, up by 160% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20784 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 20784; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
