$10,000 Closing Credit*
$1,429,000
2,929 SqFt
5 Beds
•3 Full Baths
Patrick P Chauvin, Listing Office: Compass
Is 20815, 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, 20815 has remained a Seller's Market.
Key Takeaway
20815 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20815, MD
How much do homes in 20815, MD cost?
Median Sold Price
$1,260,000
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+0.8%)
Key Takeaway
Homes in 20815 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 20815 was $1,260,000 in November 2024, up 0.8% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $311.2K | +7.3% |
| 2 Bedrooms | $615K | $790K | +28.5% |
| 3 Bedrooms | $930K | $1.0M | +15.6% |
| 4 Bedrooms | $1.4M | $1.5M | +4.0% |
| 5+ Bedrooms | $2.0M | $2.1M | +6.9% |
Summary: 20815 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 20815, MD
How many homes are available in 20815, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 117 | -0.8% |
Summary: The 20815 real estate market had 117 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 20 | +17.6% |
| 2 Bedrooms | 30 | 30 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The 20815 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20815, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 20815 in November 2024, up by 19.0% month-over-month. Of the 25 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +12.6% |
Summary: Homes in 20815 had an average of 21 days on market in Nov 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 25 homes were sold in 20815; 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.
