$8,123 Closing Credit*
$684,000
2,408 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jitendra K Motwani, Listing Office: Valu
Is 20866, 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, 20866 has remained a Seller's Market.
Key Takeaway
20866 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20866, MD
How much do homes in 20866, MD cost?
Median Sold Price
$440,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+6.5%)
Key Takeaway
Homes in 20866 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 20866 was $440,000 in November 2024, up 6.5% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $347K | $375K | +8.1% |
| 3 Bedrooms | $400K | $426K | +6.5% |
| 4 Bedrooms | $585K | $574K | -1.9% |
| 5+ Bedrooms | $751K | $887.5K | +18.2% |
Summary: 20866 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 8.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 20866, MD
How many homes are available in 20866, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 20866 real estate market had 29 homes for sale in November 2024, a 16.0% increase 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The 20866 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 33.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 250%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20866, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 20866 in November 2024, up by 140.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 25% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -36.3% |
Summary: Homes in 20866 had an average of 13 days on market in Nov 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 12 homes were sold in 20866; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
