$8,550 Closing Credit*
$719,990
3,218 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael D Snow, Listing Office: Pearson Smith Realty, LLC
Is 20872, 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, 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
$552,500
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+5.2%)
Key Takeaway
Homes in 20872 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 20872 was $552,500 in October 2024, up 5.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $290K | +7.4% |
| 3 Bedrooms | $406K | $495.9K | +22.2% |
| 4 Bedrooms | $551K | $617K | +12.0% |
| 5+ Bedrooms | $819.5K | $691.2K | -15.6% |
Summary: 20872 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 7.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 20872, MD
How many homes are available in 20872, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The 20872 real estate market had 47 homes for sale in October 2024, a 2.1% decrease 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 20872 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 10%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20872, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 20872 in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 27 Days | -57.9% |
Summary: Homes in 20872 had an average of 27 days on market in Oct 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 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 October 2024, 11 homes were sold in 20872; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
