$2,731 Closing Credit*
$230,000
1,025 SqFt
2 Beds
•1 Full Bath
German E Pena, Listing Office: Home-Pro Realty, Inc.
Is 20877, 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, 20877 has remained a Seller's Market.
Key Takeaway
20877 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20877, MD
How much do homes in 20877, MD cost?
Median Sold Price
$493,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+3.8%)
Key Takeaway
Homes in 20877 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 20877 was $493,000 in November 2024, up 3.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $163.5K | +16.8% |
| 2 Bedrooms | $189K | $232K | +22.8% |
| 3 Bedrooms | $448K | $450K | 0.4% |
| 4 Bedrooms | $567.5K | $600.5K | +5.8% |
| 5+ Bedrooms | $622K | $660K | +6.1% |
Summary: 20877 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 20877, MD
How many homes are available in 20877, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 20877 real estate market had 45 homes for sale in November 2024, a 2.2% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 20877 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 increased by 100%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20877, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 20877 in November 2024, down by 6.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 20877, MD
How long does it take to sell a home in 20877, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +50.5% |
Summary: Homes in 20877 had an average of 23 days on market in Nov 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20877 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 20877; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
