$10,000 Closing Credit*
$900,000
2,896 SqFt
5 Beds
•4 Full Baths
Rory Obletz, Listing Office: Compass
Is 20902, 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, 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
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+3.1%)
Key Takeaway
Homes in 20902 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 20902 was $550,000 in October 2024, up 3.1% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $167.5K | -11.4% |
| 2 Bedrooms | $345K | $298K | -13.6% |
| 3 Bedrooms | $522.5K | $540K | +3.3% |
| 4 Bedrooms | $598.2K | $602.5K | +0.7% |
| 5+ Bedrooms | $585K | $695K | +18.8% |
Summary: 20902 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 20902, MD
How many homes are available in 20902, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 117 | +8.3% |
Summary: The 20902 real estate market had 117 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 20902 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20902, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 20902 in October 2024, down by 17.2% month-over-month. Of the 24 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 37 Days | +145.1% |
Summary: Homes in 20902 had an average of 37 days on market in Oct 2024, up by 145.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 24 homes were sold in 20902; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
