$4,275 Closing Credit*
$360,000
1,470 SqFt
4 Beds
•3 Full Baths
Danielle G Gottlieb, Listing Office: RE/MAX Realty Centre, Inc.
Is 20876, 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, 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
$463,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+2.9%)
Key Takeaway
Homes in 20876 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 20876 was $463,000 in November 2024, up 2.9% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $275K | +3.8% |
| 2 Bedrooms | $315K | $320K | +1.6% |
| 3 Bedrooms | $393K | $425K | +8.1% |
| 4 Bedrooms | $662.5K | $704.5K | +6.3% |
| 5+ Bedrooms | $722.5K | $761.5K | +5.4% |
Summary: 20876 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 20876, MD
How many homes are available in 20876, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 55 | -23.6% |
Summary: The 20876 real estate market had 55 homes for sale in November 2024, a 23.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 20876 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20876, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20876 in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +49.0% |
Summary: Homes in 20876 had an average of 16 days on market in Nov 2024, up by 49% compared to last year.
Breakdown of Home Sale Times
18 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 20876 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 20876; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
