$6,828 Closing Credit*
$575,000
1,794 SqFt
4 Beds
•2 Full Baths
Xiomara Y Abarca, Listing Office: United Real Estate
Is 20785, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20785 has remained a Seller's Market.
Key Takeaway
20785 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20785, MD
How much do homes in 20785, MD cost?
Median Sold Price
$340,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,166(+0.9%)
Key Takeaway
Homes in 20785 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 20785 was $340,500 in November 2024, up 0.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $106.5K | +6.5% |
| 2 Bedrooms | $203K | $235K | +15.8% |
| 3 Bedrooms | $326.5K | $325K | -0.5% |
| 4 Bedrooms | $417.5K | $447.5K | +7.2% |
| 5+ Bedrooms | $440K | $435.4K | -1.0% |
Summary: 20785 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 20785, MD
How many homes are available in 20785, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 91 | +11.0% |
Summary: The 20785 real estate market had 91 homes for sale in November 2024, a 11.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 20785 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 16.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20785, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 20785 in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for 20785, MD
How long does it take to sell a home in 20785, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 22 Days | +11.1% |
Summary: Homes in 20785 had an average of 22 days on market in Nov 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20785 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 20785; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
