$7,719 Closing Credit*
$650,000
2,748 SqFt
3 Beds
•2 Full Baths
William Brian Jamison, Listing Office: Route 28 Real Estate
Is 20842, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 20842 has remained a Seller's Market.
Key Takeaway
20842 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20842, MD
How much do homes in 20842, MD cost?
Median Sold Price
$370,000
$370/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$329,900(-47.1%)
Key Takeaway
Homes in 20842 have sold for 47.1% less than they did a month ago.
Summary: The median home sold price in 20842 was $370,000 in October 2024, down 47.1% from last month, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $500K | $370K | -26.0% |
| 4 Bedrooms | $852.4K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 20842 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 20842, MD
How many homes are available in 20842, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The 20842 real estate market had 6 homes for sale in October 2024, a 40.0% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20842 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 100%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20842, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 20842 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 20842, MD
How long does it take to sell a home in 20842, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 1 Day | -96.4% |
Summary: Homes in 20842 had an average of 1 days on market in Oct 2024, down by 96.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20842 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 20842; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
