$6,757 Closing Credit*
$569,000
2,100 SqFt
4 Beds
•2 Full Baths
MAQSOOD TARIQ, Listing Office: Samson Properties
Is 20904, 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, 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
$576,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+3.9%)
Key Takeaway
Homes in 20904 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 20904 was $576,500 in October 2024, up 3.9% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $182.5K | +9.0% |
| 2 Bedrooms | $249K | $269K | +8.0% |
| 3 Bedrooms | $450K | $520K | +15.6% |
| 4 Bedrooms | $600K | $639K | +6.5% |
| 5+ Bedrooms | $664.9K | $725K | +9.0% |
Summary: 20904 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9%.
Housing Supply in 20904, MD
How many homes are available in 20904, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 89 | +21.9% |
Summary: The 20904 real estate market had 89 homes for sale in October 2024, a 21.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The 20904 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 33 | +65.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20904, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 20904 in October 2024, up by 65.0% month-over-month. Of the 33 sold homes, 18% were sold under asking, 30% were sold at asking, and 52% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 17 Days | -19.3% |
Summary: Homes in 20904 had an average of 17 days on market in Oct 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20904 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 20904; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
