$315,000
5.33 Acres
Land
Holly T Mueck, Listing Office: Humanity Realtors, Inc.
Is 20882, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20882 was a Seller's Market.
Key Takeaway
20882 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20882, MD
How much do homes in 20882, MD cost?
Median Sold Price
$839,900
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$131,900(+18.6%)
Key Takeaway
Homes in 20882 have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in 20882 was $839,900 in October 2024, up 18.6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $376K | -8.3% |
| 3 Bedrooms | $434.5K | $528.5K | +21.6% |
| 4 Bedrooms | $715.5K | $775K | +8.3% |
| 5+ Bedrooms | $975K | $1.0M | +4.9% |
Summary: 20882 housing prices by bedroom type for October 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 21.6%, 4 bedroom homes increased by 8.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 44 | +25.7% |
Summary: The 20882 real estate market had 44 homes for sale in October 2024, a 25.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The 20882 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20882, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 20882 in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 13 Days | -46.4% |
Summary: Homes in 20882 had an average of 13 days on market in Oct 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
5 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 October 2024, 6 homes were sold in 20882; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
