$6,531 Closing Credit*
$550,000
1,824 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lisa M Brooks, Listing Office: Keller Williams Preferred Properties
Is 20866, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20866 was a Seller's Market.
Key Takeaway
20866 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20866, MD
How much do homes in 20866, MD cost?
Median Sold Price
$435,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,500(+6.0%)
Key Takeaway
Homes in 20866 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 20866 was $435,000 in October 2024, up 6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $345K | $375K | +8.7% |
| 3 Bedrooms | $400K | $422.5K | +5.6% |
| 4 Bedrooms | $570K | $568K | -0.4% |
| 5+ Bedrooms | $728K | $880K | +20.9% |
Summary: 20866 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 8.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 20.9%.
Housing Supply in 20866, MD
How many homes are available in 20866, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The 20866 real estate market had 28 homes for sale in October 2024, a 40.0% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 20866 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 increased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 20866, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 20866 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 20866, MD
How long does it take to sell a home in 20866, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +35.9% |
Summary: Homes in 20866 had an average of 31 days on market in Oct 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
2 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 20866 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 20866; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
