Is 20876, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20876 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $227.5K$273K
+20.0%
2 $310K$325K
+4.8%
3 $368K$428K
+16.3%
4 $662.5K$675K
+1.9%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20882
+18.6%
20879
+6.6%
20871
+4.2%
20886
+4.0%
20876
-1.7%

Housing Supply in 20876, MD

How many homes are available in 20876, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6978+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1216
+33.3%
3 3532
-8.6%
4 1517
+13.3%
5+ 612
+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 2024Oct 2024CHANGE
2028+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
14 Days16 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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