$8,728 Closing Credit*
$735,000
2,748 SqFt
5 Beds
•4 Full Baths
Bracha Charner, Listing Office: Perennial Real Estate
Is 20832, 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, 20832 has remained a Seller's Market.
Key Takeaway
20832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20832, MD
How much do homes in 20832, MD cost?
Median Sold Price
$616,666
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,166(+1.0%)
Key Takeaway
Homes in 20832 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 20832 was $616,666 in October 2024, up 1% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $158K | +7.1% |
| 2 Bedrooms | $290K | $315.5K | +8.8% |
| 3 Bedrooms | $500K | $512.1K | +2.4% |
| 4 Bedrooms | $678K | $755K | +11.4% |
| 5+ Bedrooms | $837.5K | $790K | -5.7% |
Summary: 20832 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 20832, MD
How many homes are available in 20832, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Summary: The 20832 real estate market had 58 homes for sale in October 2024, a 18.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 20832 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20832, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 20832 in October 2024, up by 84.6% month-over-month. Of the 24 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.
Days on Market for 20832, MD
How long does it take to sell a home in 20832, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +13.8% |
Summary: Homes in 20832 had an average of 12 days on market in Oct 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20832 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 20832; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
