$3,444 Closing Credit*
$290,000
854 SqFt
1 Bed
•1 Full Bath
Kevin Rollins, Listing Office: RE/MAX Professionals
Is 20850, 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, 20850 has remained a Seller's Market.
Key Takeaway
20850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20850, MD
How much do homes in 20850, MD cost?
Median Sold Price
$698,887
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,221(+7.1%)
Key Takeaway
Homes in 20850 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 20850 was $698,887 in November 2024, up 7.1% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.9K | $255K | +30.8% |
| 2 Bedrooms | $385K | $382.5K | -0.6% |
| 3 Bedrooms | $639.5K | $684.5K | +7.0% |
| 4 Bedrooms | $815K | $872.5K | +7.1% |
| 5+ Bedrooms | $975.2K | $1.0M | +9.8% |
Summary: 20850 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 20850, MD
How many homes are available in 20850, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 99 | -13.9% |
Summary: The 20850 real estate market had 99 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 44 | 35 | -20.5% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The 20850 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 26 | -45.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20850, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 20850 in November 2024, down by 45.8% month-over-month. Of the 26 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for 20850, MD
How long does it take to sell a home in 20850, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 11 Days | -28.4% |
Summary: Homes in 20850 had an average of 11 days on market in Nov 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
23 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 20850 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in 20850; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
