$4,394 Closing Credit*
$370,000
1,578 SqFt
3 Beds
•2 Full Baths, 1 Partial
Adebola Williams
Is 20886, 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, 20886 has remained a Seller's Market.
Key Takeaway
20886 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20886, MD
How much do homes in 20886, MD cost?
Median Sold Price
$390,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.0%)
Key Takeaway
Homes in 20886 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 20886 was $390,000 in October 2024, up 4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $175K | +10.4% |
| 2 Bedrooms | $222.5K | $283.5K | +27.4% |
| 3 Bedrooms | $375K | $383.5K | +2.3% |
| 4 Bedrooms | $520.9K | $508K | -2.5% |
| 5+ Bedrooms | $635K | $675K | +6.3% |
Summary: 20886 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 20886, MD
How many homes are available in 20886, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 107 | +15.1% |
Summary: The 20886 real estate market had 107 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 18 | 26 | +44.4% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 20886 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 33 | +37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20886, expect to pay close to the asking price. 42.4% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 20886 in October 2024, up by 37.5% month-over-month. Of the 33 sold homes, 27% were sold under asking, 42% were sold at asking, and 30% were sold over asking.
Days on Market for 20886, MD
How long does it take to sell a home in 20886, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +129.0% |
Summary: Homes in 20886 had an average of 23 days on market in Oct 2024, up by 129% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20886 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 20886; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
