$7,066 Closing Credit*
$595,000
1,420 SqFt
2 Beds
•2 Full Baths
Daniel Love, Listing Office: Holton Hills Realty LLC
Is 20850, 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, 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
$695,693
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,457(+5.4%)
Key Takeaway
Homes in 20850 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 20850 was $695,693 in October 2024, up 5.4% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $255K | +25.6% |
| 2 Bedrooms | $375K | $399.4K | +6.5% |
| 3 Bedrooms | $637K | $693.6K | +8.9% |
| 4 Bedrooms | $795K | $870K | +9.4% |
| 5+ Bedrooms | $960K | $1.0M | +10.4% |
Summary: 20850 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 20850, MD
How many homes are available in 20850, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 124 | +6.0% |
Summary: The 20850 real estate market had 124 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 40 | 42 | +5.0% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The 20850 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 45 | +45.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20850, you could pay more than the asking price. 52.3% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in 20850 in October 2024, up by 45.2% month-over-month. Of the 44 sold homes, 34% were sold under asking, 14% were sold at asking, and 52% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +28.9% |
Summary: Homes in 20850 had an average of 13 days on market in Oct 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
6 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 October 2024, 45 homes were sold in 20850; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
