$10,000 Closing Credit*
$875,000
3,080 SqFt
5 Beds
•2 Full Baths, 1 Partial
Jennifer S Smira, Listing Office: Compass
Is 20853, 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, 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
$655,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.0%)
Key Takeaway
Homes in 20853 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 20853 was $655,000 in October 2024, up 4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.7K | $200K | +8.8% |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $500K | $542.5K | +8.5% |
| 4 Bedrooms | $697K | $700K | 0.4% |
| 5+ Bedrooms | $755K | $730K | -3.3% |
Summary: 20853 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in 20853, MD
How many homes are available in 20853, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The 20853 real estate market had 54 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The 20853 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 remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20853, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 20853 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 12% were sold under asking, 6% were sold at asking, and 82% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 13 Days | +39.3% |
Summary: Homes in 20853 had an average of 13 days on market in Oct 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 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 October 2024, 17 homes were sold in 20853; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
