$10,000 Closing Credit*
$1,099,900
3,500 SqFt
5 Beds
•3 Full Baths, 1 Partial
Charles P Gilroy, Listing Office: Redfin Corp
Is 20851, 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, 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
$360/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 20851 has remained the same since last year.
Summary: The median home sold price in 20851 was $545,000 in November 2024, the same as last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $414K | N/A |
| 3 Bedrooms | $549.9K | $529.9K | -3.6% |
| 4 Bedrooms | $516.5K | $550K | +6.5% |
| 5+ Bedrooms | $547.7K | $662.5K | +21.0% |
Summary: 20851 housing prices by bedroom type for November 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 3.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 21%.
Housing Supply in 20851, MD
How many homes are available in 20851, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Summary: The 20851 real estate market had 28 homes for sale in November 2024, a 24.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 20851 housing inventory by bedroom type for November 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 21.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20851, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 20851 in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -23.0% |
Summary: Homes in 20851 had an average of 24 days on market in Nov 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20851 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 20851; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
