$3,680 Closing Credit*
$309,888
1,138 SqFt
2 Beds
•2 Full Baths
Robert H Rodman, Listing Office: Long & Foster Real Estate, Inc.
Is 20855, 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, 20855 has remained a Seller's Market.
Key Takeaway
20855 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20855, MD
How much do homes in 20855, MD cost?
Median Sold Price
$672,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,655(+6.6%)
Key Takeaway
Homes in 20855 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 20855 was $672,500 in November 2024, up 6.6% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $326.5K | +8.8% |
| 3 Bedrooms | $480K | $565K | +17.7% |
| 4 Bedrooms | $655K | $749K | +14.4% |
| 5+ Bedrooms | $720K | $767.5K | +6.6% |
Summary: 20855 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 8.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 20855, MD
How many homes are available in 20855, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 40 | -14.9% |
Summary: The 20855 real estate market had 40 homes for sale in November 2024, a 14.9% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 20855 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20855, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 20855 in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for 20855, MD
How long does it take to sell a home in 20855, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -3.2% |
Summary: Homes in 20855 had an average of 26 days on market in Nov 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20855 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 20855; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
