$4,988 Closing Credit*
$420,000
1,573 SqFt
3 Beds
•3 Full Baths
Debra Sue Brown, Listing Office: Fathom Realty MD, LLC
Is 20872, 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, 20872 has remained a Seller's Market.
Key Takeaway
20872 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20872, MD
How much do homes in 20872, MD cost?
Median Sold Price
$550,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+4.8%)
Key Takeaway
Homes in 20872 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 20872 was $550,000 in November 2024, up 4.8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $294.9K | +9.2% |
| 3 Bedrooms | $406K | $499.9K | +23.1% |
| 4 Bedrooms | $560.5K | $615K | +9.7% |
| 5+ Bedrooms | $826K | $655K | -20.7% |
Summary: 20872 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 9.2%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in 20872, MD
How many homes are available in 20872, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The 20872 real estate market had 39 homes for sale in November 2024, a 4.9% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 20872 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20872, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 20872 in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 20872, MD
How long does it take to sell a home in 20872, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 29 Days | +314.0% |
Summary: Homes in 20872 had an average of 29 days on market in Nov 2024, up by 314% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20872 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 20872; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
