$10,000 Closing Credit*
$850,000
2,875 SqFt
4 Beds
•3 Full Baths, 1 Partial
Sarah A. Reynolds, Listing Office: Keller Williams Chantilly Ventures
Is 20882, 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, 20882 has remained a Seller's Market.
Key Takeaway
20882 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20882, MD
How much do homes in 20882, MD cost?
Median Sold Price
$871,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$137,050(+18.7%)
Key Takeaway
Homes in 20882 have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in 20882 was $871,000 in November 2024, up 18.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $376K | -8.3% |
| 3 Bedrooms | $455K | $541K | +18.9% |
| 4 Bedrooms | $723K | $785K | +8.6% |
| 5+ Bedrooms | $975K | $1.0M | +4.9% |
Summary: 20882 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 20882, MD
How many homes are available in 20882, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The 20882 real estate market had 40 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 20882 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20882, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 20882 in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for 20882, MD
How long does it take to sell a home in 20882, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 11 Days | -33.3% |
Summary: Homes in 20882 had an average of 11 days on market in Nov 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20882 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 20882; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
