$10,000 Closing Credit*
$1,350,000
5,669 SqFt
6 Beds
•4 Full Baths, 1 Partial
Wendy E Lord, Listing Office: Compass
Is 20854, 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, 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
$1,349,444
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$93,777(+7.5%)
Key Takeaway
Homes in 20854 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 20854 was $1,349,444 in October 2024, up 7.5% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $620K | N/A |
| 2 Bedrooms | $1.0M | $1.1M | +13.0% |
| 3 Bedrooms | $805K | $920K | +14.3% |
| 4 Bedrooms | $1.0M | $1.1M | +13.8% |
| 5+ Bedrooms | $1.5M | $1.6M | +2.4% |
Summary: 20854 housing prices by bedroom type for October 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 14.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 20854, MD
How many homes are available in 20854, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 140 | +13.8% |
Summary: The 20854 real estate market had 140 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 37 | 42 | +13.5% |
| 5+ Bedrooms | 77 | 86 | +11.7% |
Summary: The 20854 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 decreased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20854, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 20854 in October 2024, up by 24.2% month-over-month. Of the 41 sold homes, 41% were sold under asking, 12% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 30 Days | +165.5% |
Summary: Homes in 20854 had an average of 30 days on market in Oct 2024, up by 165.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 41 homes were sold in 20854; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
