$2,791 Closing Credit*
$235,000
1,018 SqFt
2 Beds
•1 Full Bath
Christopher N German, Listing Office: Keller Williams Capital Properties
Is 20853, 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, 20853 has remained a Seller's Market.
Key Takeaway
20853 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20853, MD
How much do homes in 20853, MD cost?
Median Sold Price
$645,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,499(-0.7%)
Key Takeaway
Homes in 20853 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 20853 was $645,000 in November 2024, down 0.7% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180.5K | $200K | +10.8% |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $500K | $547K | +9.4% |
| 4 Bedrooms | $699.9K | $699K | -0.1% |
| 5+ Bedrooms | $752.5K | $735K | -2.3% |
Summary: 20853 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 20853, MD
How many homes are available in 20853, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The 20853 real estate market had 54 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 20853 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20853, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 20853 in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 20853, MD
How long does it take to sell a home in 20853, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +69.5% |
Summary: Homes in 20853 had an average of 24 days on market in Nov 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20853 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 20853; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
