$1,484 Closing Credit*
$125,000
672 SqFt
2 Beds
•1 Full Bath
Diane Donnelly, Listing Office: Keller Williams Flagship of Maryland
Is 20785, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$342,500
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,833(+2.6%)
Key Takeaway
Homes in 20785 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 20785 was $342,500 in October 2024, up 2.6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $106.5K | +6.5% |
| 2 Bedrooms | $205K | $227.5K | +11.0% |
| 3 Bedrooms | $324K | $326K | +0.6% |
| 4 Bedrooms | $416K | $437.5K | +5.2% |
| 5+ Bedrooms | $440K | $442.4K | +0.6% |
Summary: 20785 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 20785, MD
How many homes are available in 20785, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 91 | 0.0% |
Summary: The 20785 real estate market had 91 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 20785 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20785, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20785 in October 2024, down by 30.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 24% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +15.1% |
Summary: Homes in 20785 had an average of 25 days on market in Oct 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20785 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 20785; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
