$2,849 Closing Credit*
$239,900
1,082 SqFt
2 Beds
•2 Full Baths
Brian M Uribe, Listing Office: Pearson Smith Realty, LLC
Is 20904, 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, 20904 has remained a Seller's Market.
Key Takeaway
20904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20904, MD
How much do homes in 20904, MD cost?
Median Sold Price
$573,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,500(+3.3%)
Key Takeaway
Homes in 20904 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 20904 was $573,500 in November 2024, up 3.3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $182.5K | +7.4% |
| 2 Bedrooms | $237K | $268.5K | +13.3% |
| 3 Bedrooms | $445K | $507.5K | +14.0% |
| 4 Bedrooms | $607.5K | $638K | +5.0% |
| 5+ Bedrooms | $663.7K | $725K | +9.2% |
Summary: 20904 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in 20904, MD
How many homes are available in 20904, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 77 | -3.8% |
Summary: The 20904 real estate market had 77 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 20904 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 16 | -52.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20904, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 20904 in November 2024, down by 52.9% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 20904, MD
How long does it take to sell a home in 20904, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +3.8% |
Summary: Homes in 20904 had an average of 17 days on market in Nov 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
13 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 20904 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 20904; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
