$7,066 Closing Credit*
$595,000
1,714 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jean M Bourne-Pirovic, 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 October 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
$676,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,650(+7.2%)
Key Takeaway
Homes in 20855 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 20855 was $676,000 in October 2024, up 7.2% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $326.5K | +8.8% |
| 3 Bedrooms | $503K | $520K | +3.4% |
| 4 Bedrooms | $641K | $731.4K | +14.1% |
| 5+ Bedrooms | $703.5K | $755K | +7.3% |
Summary: 20855 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 8.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in 20855, MD
How many homes are available in 20855, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Summary: The 20855 real estate market had 49 homes for sale in October 2024, a 19.5% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 20855 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 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20855, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 20855 in October 2024, up by 100.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 24 Days | +3.2% |
Summary: Homes in 20855 had an average of 24 days on market in Oct 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
10 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 October 2024, 14 homes were sold in 20855; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
