$8,312 Closing Credit*
$699,990
1,920 SqFt
3 Beds
•3 Full Baths
Heidi J Heiderman, Listing Office: Coldwell Banker Realty
Is 20832, 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, 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 November 2023
+$6,666(+1.1%)
Key Takeaway
Homes in 20832 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 20832 was $616,666 in November 2024, up 1.1% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.7K | $158K | +6.2% |
| 2 Bedrooms | $305K | $317.5K | +4.1% |
| 3 Bedrooms | $500K | $515K | +3.0% |
| 4 Bedrooms | $685K | $755K | +10.2% |
| 5+ Bedrooms | $820K | $794.5K | -3.1% |
Summary: 20832 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in 20832, MD
How many homes are available in 20832, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 44 | -13.7% |
Summary: The 20832 real estate market had 44 homes for sale in November 2024, a 13.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 14 | 7 | -50.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 20832 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20832, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 20832 in November 2024, down by 37.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +9.0% |
Summary: Homes in 20832 had an average of 12 days on market in Nov 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 15 homes were sold in 20832; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
