$10,000 Closing Credit*
$950,000
3,986 SqFt
4 Beds
•2 Full Baths, 1 Partial
John P. R. Lee, Listing Office: RE/MAX Realty Services
Is 20841, 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, 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
$770,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+14.1%)
Key Takeaway
Homes in 20841 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 20841 was $770,000 in October 2024, up 14.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285.2K | $257.2K | -9.8% |
| 3 Bedrooms | $600K | $612.5K | +2.1% |
| 4 Bedrooms | $672.5K | $900K | +33.8% |
| 5+ Bedrooms | $849.9K | $920K | +8.2% |
Summary: 20841 housing prices by bedroom type for October 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 2.1%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 20841, MD
How many homes are available in 20841, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The 20841 real estate market had 33 homes for sale in October 2024, a 10.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 20841 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 increased by 66.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20841, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 20841 in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 19 Days | -45.6% |
Summary: Homes in 20841 had an average of 19 days on market in Oct 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were 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 October 2024, 13 homes were sold in 20841; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
