$5,106 Closing Credit*
$430,000
1,092 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jay Yu, Listing Office: Ten Thousand Realty
Is 20841, 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, 20841 has remained a Seller's Market.
Key Takeaway
20841 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20841, MD
How much do homes in 20841, MD cost?
Median Sold Price
$772,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$76,409(+11.0%)
Key Takeaway
Homes in 20841 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 20841 was $772,500 in November 2024, up 11% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285.2K | $257.2K | -9.8% |
| 3 Bedrooms | $597.5K | $599.5K | 0.3% |
| 4 Bedrooms | $697.4K | $860K | +23.3% |
| 5+ Bedrooms | $847.4K | $937.5K | +10.6% |
Summary: 20841 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 20841, MD
How many homes are available in 20841, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Summary: The 20841 real estate market had 25 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 20841 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20841, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 20841 in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 20841, MD
How long does it take to sell a home in 20841, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +32.9% |
Summary: Homes in 20841 had an average of 16 days on market in Nov 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
5 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 20841 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 20841; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
