Is 20896, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20896 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 20896 has remained a Seller's Market.

Key Takeaway

20896 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20896, MD

How much do homes in 20896, MD cost?

Median Sold Price

$1,250,000

$324/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$325,000(+35.1%)

Key Takeaway

Homes in 20896 have sold for 35.1% more than they did a month ago.

Summary: The median home sold price in 20896 was $1,250,000 in December 2024, up 35.1% from last month, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $925K-
N/A
4 -$1.2M
N/A
5+ --
N/A

Summary: 20896 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 20896, MD

How many homes are available in 20896, MD?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
43-25.0%

Summary: The 20896 real estate market had 3 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 20896 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20896, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 20896 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 20896, MD

How long does it take to sell a home in 20896, MD?

Average Sale Time

Nov 2024Dec 2024CHANGE
3 Days24 Days+700.0%

Summary: Homes in 20896 had an average of 24 days on market in Dec 2024, up by 700% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20896 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 20896; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

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