$4,453 Closing Credit*
$375,000
1,620 SqFt
4 Beds
•2 Full Baths, 1 Partial
Ricardo Von Marschall Radulovich, Listing Office: Keller Williams Fairfax Gateway
Is 20876, 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, 20876 has remained a Seller's Market.
Key Takeaway
20876 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20876, MD
How much do homes in 20876, MD cost?
Median Sold Price
$447,250
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,750(-1.7%)
Key Takeaway
Homes in 20876 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 20876 was $447,250 in October 2024, down 1.7% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $273K | +20.0% |
| 2 Bedrooms | $310K | $325K | +4.8% |
| 3 Bedrooms | $368K | $428K | +16.3% |
| 4 Bedrooms | $662.5K | $675K | +1.9% |
| 5+ Bedrooms | $722.5K | $730.7K | +1.1% |
Summary: 20876 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 20876, MD
How many homes are available in 20876, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 78 | +13.0% |
Summary: The 20876 real estate market had 78 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The 20876 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 increased by 33.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20876, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in 20876 in October 2024, up by 40.0% month-over-month. Of the 28 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 20876, MD
How long does it take to sell a home in 20876, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +14.7% |
Summary: Homes in 20876 had an average of 16 days on market in Oct 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20876 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 20876; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
