$7,599 Closing Credit*
$639,900
2,740 SqFt
4 Beds
•2 Full Baths, 2 Partial
Robert R Ward Jr., Listing Office: Long & Foster Real Estate, Inc.
Is 20879, 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, 20879 has remained a Seller's Market.
Key Takeaway
20879 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20879, MD
How much do homes in 20879, MD cost?
Median Sold Price
$442,500
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+6.6%)
Key Takeaway
Homes in 20879 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 20879 was $442,500 in October 2024, up 6.6% 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 | $185K | $205K | +10.8% |
| 2 Bedrooms | $226.2K | $250K | +10.5% |
| 3 Bedrooms | $415K | $437K | +5.3% |
| 4 Bedrooms | $551.2K | $576.2K | +4.5% |
| 5+ Bedrooms | $618K | $611.2K | -1.1% |
Summary: 20879 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 20879, MD
How many homes are available in 20879, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Summary: The 20879 real estate market had 57 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 20879 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20879, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 20879 in October 2024, down by 28.6% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 20879, MD
How long does it take to sell a home in 20879, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +101.6% |
Summary: Homes in 20879 had an average of 25 days on market in Oct 2024, up by 101.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20879 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 20879; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
