$10,000 Closing Credit*
$874,900
1,481 SqFt
3 Beds
•2 Full Baths, 1 Partial
Deborah K Berger, Listing Office: RE/MAX Town Center
Is 20912, 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, 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
$697,000
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+4.0%)
Key Takeaway
Homes in 20912 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 20912 was $697,000 in October 2024, up 4% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $195K | +1.6% |
| 2 Bedrooms | $262K | $249.5K | -4.8% |
| 3 Bedrooms | $670.5K | $683.5K | +1.9% |
| 4 Bedrooms | $795K | $790.5K | -0.6% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.5% |
Summary: 20912 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 20912, MD
How many homes are available in 20912, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The 20912 real estate market had 62 homes for sale in October 2024, a 21.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 20912 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20912, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 20912 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +67.8% |
Summary: Homes in 20912 had an average of 15 days on market in Oct 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 11 homes were sold in 20912; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
