$8,609 Closing Credit*
$725,000
2,814 SqFt
5 Beds
•3 Full Baths, 1 Partial
Margaret M. Babbington, Listing Office: Compass
Is 20879, 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, 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
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 6.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $204.5K | +10.5% |
| 2 Bedrooms | $234.9K | $250K | +6.4% |
| 3 Bedrooms | $415K | $439.5K | +5.9% |
| 4 Bedrooms | $550K | $564.5K | +2.6% |
| 5+ Bedrooms | $596K | $625K | +4.9% |
Summary: 20879 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 20879, MD
How many homes are available in 20879, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 60 | +11.1% |
Summary: The 20879 real estate market had 60 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 20879 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20879, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 20879 in November 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 15 Days | -10.0% |
Summary: Homes in 20879 had an average of 15 days on market in Nov 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20879 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 20879; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
