$2,850,000
5,388 SqFt
5 Beds
•6 Full Baths
Jean-Rodolphe de La Haye, Listing Office: Compass
Is 20814, 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, 20814 has remained a Seller's Market.
Key Takeaway
20814 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20814, MD
How much do homes in 20814, MD cost?
Median Sold Price
$878,750
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$128,750(+17.2%)
Key Takeaway
Homes in 20814 have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in 20814 was $878,750 in October 2024, up 17.2% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $229K | -0.4% |
| 2 Bedrooms | $445K | $499.5K | +12.2% |
| 3 Bedrooms | $918K | $1.0M | +11.7% |
| 4 Bedrooms | $1.1M | $1.2M | +12.4% |
| 5+ Bedrooms | $1.8M | $2.0M | +9.6% |
Summary: 20814 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 20814, MD
How many homes are available in 20814, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 103 | +17.0% |
Summary: The 20814 real estate market had 103 homes for sale in October 2024, a 17.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 19 | +18.8% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The 20814 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 36 | +125.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20814, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 20814 in October 2024, up by 125.0% month-over-month. Of the 36 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for 20814, MD
How long does it take to sell a home in 20814, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +86.2% |
Summary: Homes in 20814 had an average of 35 days on market in Oct 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20814 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 20814; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
