The 20740 housing market is very competitive. Homes in 20740 receive 6 offers on average and sell in around 22.5 days. The median sale price of a home in 20740 was $500K last month, up 25.0% since last year. The median sale price per square foot in 20740 is $230, down 13.0% since last year.
In March 2024, 20740 home prices were up 25.0% compared to last year, selling for a median price of $500K. On average, homes in 20740 sell after 23 days on the market compared to 54 days last year. There were 35 homes sold in March this year, up from 33 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$500,000
+25.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
20740, MD
$500,000
+25.0%
United States
To compare other locations to the 20740 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Maryland add value to a home.
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How hot is the 20740 housing market?
20740 is very competitive. Homes sell in 18 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 18 days.
Hot homes
can sell for about 4% above list price and go pending in around 5 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Dora Kennedy French Immersion
Public • K-8 • Choice school
673
Students
23 reviews
6/10
University Park Elementary School
Public • PreK-6
546
Students
15 reviews
4/10
Hollywood Elementary School
Public • PreK-5
398
Students
10 reviews
4/10
Berwyn Heights Elementary School
Public • K-6
473
Students
5 reviews
3/10
Paint Branch Elementary School
Public • PreK-6
349
Students
14 reviews
Only showing 5 of
7 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 20740 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 20740.
Risk Factor
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
20740 has a moderate risk of flooding. 1,020 properties in 20740 are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in 20740. Flood risk is increasing slower than the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
20740 has a moderate risk of wildfire. There are 1,259 properties in 20740 that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in 20740.
98% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
20740 has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 20740 is most at risk from hurricanes. 6,421 properties in 20740 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.