$7,719 Closing Credit*
$650,000
2,553 SqFt
5 Beds
•3 Full Baths
Alexandra I Burrell-Hodges, Listing Office: Cottage Street Realty LLC
Is 20902, 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, 20902 has remained a Seller's Market.
Key Takeaway
20902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20902, MD
How much do homes in 20902, MD cost?
Median Sold Price
$550,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+2.8%)
Key Takeaway
Homes in 20902 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 20902 was $550,000 in November 2024, up 2.8% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $167.5K | -11.4% |
| 2 Bedrooms | $356.2K | $280.5K | -21.3% |
| 3 Bedrooms | $527K | $540K | +2.5% |
| 4 Bedrooms | $595K | $607.5K | +2.1% |
| 5+ Bedrooms | $592.5K | $692.5K | +16.9% |
Summary: 20902 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in 20902, MD
How many homes are available in 20902, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 96 | -8.6% |
Summary: The 20902 real estate market had 96 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 20902 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20902, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 20902 in November 2024, down by 3.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 26% were sold at asking, and 44% were sold over asking.
Days on Market for 20902, MD
How long does it take to sell a home in 20902, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -15.8% |
Summary: Homes in 20902 had an average of 14 days on market in Nov 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20902 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 20902; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
