$2,731 Closing Credit*
$230,000
1,050 SqFt
2 Beds
•2 Full Baths
Nisha Kaur, Listing Office: NK Real Estate Group, LLC
Is 20886, 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, 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
$393,933
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,933(+6.5%)
Key Takeaway
Homes in 20886 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 20886 was $393,933 in November 2024, up 6.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $175K | +6.1% |
| 2 Bedrooms | $225K | $284.2K | +26.3% |
| 3 Bedrooms | $370K | $390K | +5.4% |
| 4 Bedrooms | $515K | $518.4K | +0.7% |
| 5+ Bedrooms | $635K | $662.5K | +4.3% |
Summary: 20886 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 20886, MD
How many homes are available in 20886, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 94 | -6.9% |
Summary: The 20886 real estate market had 94 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 39 | 32 | -17.9% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 20886 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 12%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 23 | -34.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20886, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 20886 in November 2024, down by 34.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 9% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +39.2% |
Summary: Homes in 20886 had an average of 19 days on market in Nov 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20886 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 20886; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
