$10,000 Closing Credit*
$1,799,000
5 Beds
•3 Full Baths, 1 Partial
Derek J Huetinck, Listing Office: Beacon Crest Real Estate LLC
Is 20815, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20815 was a Seller's Market.
Key Takeaway
20815 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20815, MD
How much do homes in 20815, MD cost?
Median Sold Price
$1,205,000
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$111,000(-8.4%)
Key Takeaway
Homes in 20815 have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in 20815 was $1,205,000 in October 2024, down 8.4% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $310K | +7.8% |
| 2 Bedrooms | $611.5K | $740K | +21.0% |
| 3 Bedrooms | $975K | $1.0M | +2.6% |
| 4 Bedrooms | $1.4M | $1.5M | +2.9% |
| 5+ Bedrooms | $2.0M | $2.1M | +5.9% |
Summary: 20815 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 20815, MD
How many homes are available in 20815, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 128 | +12.3% |
Summary: The 20815 real estate market had 128 homes for sale in October 2024, a 12.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 18 | -5.3% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 32 | 44 | +37.5% |
Summary: The 20815 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20815, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20815 in October 2024, down by 19.2% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for 20815, MD
How long does it take to sell a home in 20815, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 54 Days | +85.5% |
Summary: Homes in 20815 had an average of 54 days on market in Oct 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20815 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 20815; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
