$4,750 Closing Credit*
$400,000
3,338 SqFt
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is 20912, 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, 20912 has remained a Seller's Market.
Key Takeaway
20912 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20912, MD
How much do homes in 20912, MD cost?
Median Sold Price
$694,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+1.0%)
Key Takeaway
Homes in 20912 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 20912 was $694,000 in November 2024, up 1% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $195K | +1.6% |
| 2 Bedrooms | $265K | $247.2K | -6.7% |
| 3 Bedrooms | $702.5K | $660K | -6.0% |
| 4 Bedrooms | $795K | $794K | -0.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +18.8% |
Summary: 20912 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 20912, MD
How many homes are available in 20912, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The 20912 real estate market had 55 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 20912 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20912, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 20912 in November 2024, up by 36.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20912, MD
How long does it take to sell a home in 20912, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +68.3% |
Summary: Homes in 20912 had an average of 39 days on market in Nov 2024, up by 68.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20912 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 20912; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
