$8,905 Closing Credit*
$749,900
1,906 SqFt
3 Beds
•3 Full Baths, 1 Partial
Meredith M Fogle, Listing Office: The List Realty
Is 20854, 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, 20854 has remained a Seller's Market.
Key Takeaway
20854 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20854, MD
How much do homes in 20854, MD cost?
Median Sold Price
$1,355,333
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,333(+7.6%)
Key Takeaway
Homes in 20854 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 20854 was $1,355,333 in November 2024, up 7.6% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $620K | N/A |
| 2 Bedrooms | $1.0M | $1.1M | +13.0% |
| 3 Bedrooms | $851.5K | $908.4K | +6.7% |
| 4 Bedrooms | $1.0M | $1.1M | +9.9% |
| 5+ Bedrooms | $1.5M | $1.6M | +3.9% |
Summary: 20854 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 increased by 13%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 20854, MD
How many homes are available in 20854, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 117 | -10.7% |
Summary: The 20854 real estate market had 117 homes for sale in November 2024, a 10.7% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 41 | 33 | -19.5% |
| 5+ Bedrooms | 76 | 69 | -9.2% |
Summary: The 20854 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 9.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 27 | -35.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20854, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 20854 in November 2024, down by 35.7% month-over-month. Of the 27 sold homes, 41% were sold under asking, 11% were sold at asking, and 48% were sold over asking.
Days on Market for 20854, MD
How long does it take to sell a home in 20854, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 13 Days | -45.1% |
Summary: Homes in 20854 had an average of 13 days on market in Nov 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
24 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 20854 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 20854; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
