$6,772 Closing Credit*
$570,290
2,475 SqFt
3 Beds
•3 Full Baths
Martin K. Alloy, Listing Office: SM Brokerage, LLC
Is 20871, 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, 20871 has remained a Seller's Market.
Key Takeaway
20871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20871, MD
How much do homes in 20871, MD cost?
Median Sold Price
$620,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,533(+2.2%)
Key Takeaway
Homes in 20871 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 20871 was $620,000 in November 2024, up 2.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $553.4K | N/A |
| 2 Bedrooms | $413.7K | $455K | +10.0% |
| 3 Bedrooms | $542K | $574.9K | +6.1% |
| 4 Bedrooms | $656.8K | $702.5K | +7.0% |
| 5+ Bedrooms | $899K | $900K | 0.1% |
Summary: 20871 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 10%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 20871, MD
How many homes are available in 20871, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 69 | -11.5% |
Summary: The 20871 real estate market had 69 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 40 | 34 | -15.0% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 20871 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 12.5%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 15 | -48.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20871, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 20871 in November 2024, down by 48.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for 20871, MD
How long does it take to sell a home in 20871, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -38.7% |
Summary: Homes in 20871 had an average of 21 days on market in Nov 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20871 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 20871; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
