$3,561 Closing Credit*
$299,900
970 SqFt
2 Beds
•1 Full Bath
Don E Stanley, Listing Office: RE/MAX Realty Services
Is 20814, 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, 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
$895,587
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$145,587(+19.4%)
Key Takeaway
Homes in 20814 have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in 20814 was $895,587 in November 2024, up 19.4% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | $235K | +2.2% |
| 2 Bedrooms | $449.5K | $537.2K | +19.5% |
| 3 Bedrooms | $910K | $1.0M | +12.6% |
| 4 Bedrooms | $1.1M | $1.2M | +9.6% |
| 5+ Bedrooms | $1.8M | $2.0M | +8.1% |
Summary: 20814 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 20814, MD
How many homes are available in 20814, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 90 | -5.3% |
Summary: The 20814 real estate market had 90 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 19 | +18.8% |
| 2 Bedrooms | 29 | 18 | -37.9% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The 20814 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes decreased by 37.9%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 22 | -42.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20814, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 20814 in November 2024, down by 42.1% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +28.2% |
Summary: Homes in 20814 had an average of 21 days on market in Nov 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 22 homes were sold in 20814; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
