$5,807 Closing Credit*
$489,000
962 SqFt
3 Beds
•1 Full Bath
Victor R Llewellyn, Listing Office: Long & Foster Real Estate, Inc.
Is 20851, 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, 20851 has remained a Seller's Market.
Key Takeaway
20851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20851, MD
How much do homes in 20851, MD cost?
Median Sold Price
$545,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+1.1%)
Key Takeaway
Homes in 20851 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 20851 was $545,000 in October 2024, up 1.1% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $414K | N/A |
| 3 Bedrooms | $545K | $529.9K | -2.8% |
| 4 Bedrooms | $510K | $550K | +7.8% |
| 5+ Bedrooms | $545.4K | $662.5K | +21.5% |
Summary: 20851 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 did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 20851, MD
How many homes are available in 20851, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The 20851 real estate market had 37 homes for sale in October 2024, a 15.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 20851 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 19 | +171.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20851, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 20851 in October 2024, up by 171.4% month-over-month. Of the 19 sold homes, 21% were sold under asking, 32% were sold at asking, and 47% were sold over asking.
Days on Market for 20851, MD
How long does it take to sell a home in 20851, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 15 Days | +91.4% |
Summary: Homes in 20851 had an average of 15 days on market in Oct 2024, up by 91.4% compared to last year.
Breakdown of Home Sale Times
16 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 20851 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 20851; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
