$5,403 Closing Credit*
$455,000
1,975 SqFt
6 Beds
•2 Full Baths
Marvin Alexander Diaz, Listing Office: Weichert, REALTORS
Is 20784, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 20784 has remained a Seller's Market.
Key Takeaway
20784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20784, MD
How much do homes in 20784, MD cost?
Median Sold Price
$385,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,000(+8.5%)
Key Takeaway
Homes in 20784 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 20784 was $385,000 in December 2024, up 8.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $125K | +8.7% |
| 2 Bedrooms | $149.4K | $162.5K | +8.7% |
| 3 Bedrooms | $360K | $380K | +5.6% |
| 4 Bedrooms | $395K | $399K | +1.0% |
| 5+ Bedrooms | $420K | $450K | +7.1% |
Summary: 20784 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 20784, MD
How many homes are available in 20784, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 48 | -11.1% |
Summary: The 20784 real estate market had 48 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 20784 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20784, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 20784 in December 2024, down by 17.6% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 15 Days | -37.4% |
Summary: Homes in 20784 had an average of 15 days on market in Dec 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20784 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in 20784; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
