$8,311 Closing Credit*
$699,900
1,480 SqFt
3 Beds
•2 Full Baths
Jeong (Jenny) S Kim, Listing Office: Giant Realty, Inc.
Is 20895, 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, 20895 has remained a Seller's Market.
Key Takeaway
20895 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20895, MD
How much do homes in 20895, MD cost?
Median Sold Price
$850,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+9.0%)
Key Takeaway
Homes in 20895 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 20895 was $850,000 in October 2024, up 9% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $198K | +2.9% |
| 2 Bedrooms | $442.5K | $485K | +9.6% |
| 3 Bedrooms | $710K | $723.7K | +1.9% |
| 4 Bedrooms | $800K | $850K | +6.3% |
| 5+ Bedrooms | $1.3M | $1.5M | +9.1% |
Summary: 20895 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 20895, MD
How many homes are available in 20895, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 74 | +39.6% |
Summary: The 20895 real estate market had 74 homes for sale in October 2024, a 39.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 23 | +64.3% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The 20895 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 remained the same, 3 bedroom homes increased by 64.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 30 | +328.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20895, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 20895 in October 2024, up by 328.6% month-over-month. Of the 30 sold homes, 23% were sold under asking, 30% were sold at asking, and 47% were sold over asking.
Days on Market for 20895, MD
How long does it take to sell a home in 20895, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 18 Days | -59.8% |
Summary: Homes in 20895 had an average of 18 days on market in Oct 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20895 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 20895; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
