$5,463 Closing Credit*
$460,000
1,406 SqFt
3 Beds
•3 Full Baths, 1 Partial
Adeline B Cleveland, Listing Office: Cornerstone Properties and Financial Services LLC
Is 20874, 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, 20874 has remained a Seller's Market.
Key Takeaway
20874 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20874, MD
How much do homes in 20874, MD cost?
Median Sold Price
$419,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+7.6%)
Key Takeaway
Homes in 20874 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 20874 was $419,500 in November 2024, up 7.6% 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 | $210K | $220K | +4.8% |
| 2 Bedrooms | $290K | $305K | +5.2% |
| 3 Bedrooms | $405K | $435K | +7.4% |
| 4 Bedrooms | $600K | $609.5K | +1.6% |
| 5+ Bedrooms | $799.9K | $910K | +13.8% |
Summary: 20874 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 20874, MD
How many homes are available in 20874, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 158 | 150 | -5.1% |
Summary: The 20874 real estate market had 150 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 52 | 46 | -11.5% |
| 3 Bedrooms | 68 | 67 | -1.5% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 20874 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20874, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 20874 in November 2024, up by 2.3% month-over-month. Of the 44 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for 20874, MD
How long does it take to sell a home in 20874, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +55.7% |
Summary: Homes in 20874 had an average of 26 days on market in Nov 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20874 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 20874; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
