$2,849 Closing Credit*
$239,900
863 SqFt
1 Bed
•1 Full Bath, 1 Partial
Hamid Hadisichani, Listing Office: Fairfax Realty Premier
Is 20852, 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, 20852 has remained a Seller's Market.
Key Takeaway
20852 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20852, MD
How much do homes in 20852, MD cost?
Median Sold Price
$600,154
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,154(+20.0%)
Key Takeaway
Homes in 20852 have sold for 20% more than they did a year ago.
Summary: The median home sold price in 20852 was $600,154 in November 2024, up 20% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.4K | $295K | +5.6% |
| 2 Bedrooms | $415K | $450K | +8.4% |
| 3 Bedrooms | $600K | $744.4K | +24.1% |
| 4 Bedrooms | $840K | $915K | +8.9% |
| 5+ Bedrooms | $1.2M | $1.3M | +14.3% |
Summary: 20852 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in 20852, MD
How many homes are available in 20852, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 141 | -2.8% |
Summary: The 20852 real estate market had 141 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 27 | +22.7% |
| 2 Bedrooms | 47 | 44 | -6.4% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 20852 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20852, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 20852 in November 2024, down by 2.2% month-over-month. Of the 44 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 20852, MD
How long does it take to sell a home in 20852, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -4.8% |
Summary: Homes in 20852 had an average of 21 days on market in Nov 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20852 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 20852; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
