Is 20841, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20841 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $285.2K$257.2K
-9.8%
3 $600K$612.5K
+2.1%
4 $672.5K$900K
+33.8%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20841
+14.1%
20874
+5.1%
20876
-1.7%

Housing Supply in 20841, MD

How many homes are available in 20841, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3733-10.8%

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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 35
+66.7%
3 1610
-37.5%
4 1012
+20.0%
5+ 75
-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 2024Oct 2024CHANGE
913+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
35 Days19 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 20841, MD

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