$4,898 Closing Credit*
$412,500
1,207 SqFt
2 Beds
•2 Full Baths
Richard D Winkler, Listing Office: Weichert, REALTORS
Is 20906, 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, 20906 has remained a Seller's Market.
Key Takeaway
20906 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20906, MD
How much do homes in 20906, MD cost?
Median Sold Price
$377,330
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,330(+11.0%)
Key Takeaway
Homes in 20906 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 20906 was $377,330 in November 2024, up 11% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $148K | +2.8% |
| 2 Bedrooms | $236.5K | $245K | +3.6% |
| 3 Bedrooms | $420K | $450K | +7.1% |
| 4 Bedrooms | $600K | $585K | -2.5% |
| 5+ Bedrooms | $632K | $680K | +7.6% |
Summary: 20906 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 20906, MD
How many homes are available in 20906, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 227 | 211 | -7.0% |
Summary: The 20906 real estate market had 211 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 87 | 88 | +1.1% |
| 3 Bedrooms | 64 | 51 | -20.3% |
| 4 Bedrooms | 40 | 41 | +2.5% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The 20906 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 64 | -16.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20906, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in 20906 in November 2024, down by 16.9% month-over-month. Of the 64 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 20906, MD
How long does it take to sell a home in 20906, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +9.0% |
Summary: Homes in 20906 had an average of 21 days on market in Nov 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20906 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 64 homes were sold in 20906; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
