The 20602 housing market is very competitive. Homes in 20602 receive 3 offers on average and sell in around 37.5 days. The median sale price of a home in 20602 was $380K last month, up 1.7% since last year. The median sale price per square foot in 20602 is $225, down 1.7% since last year.
In December 2024, 20602 home prices were up 1.7% compared to last year, selling for a median price of $380K. On average, homes in 20602 sell after 38 days on the market compared to 33 days last year. There were 85 homes sold in December this year, up from 84 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,000
+1.7% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
20602, MD
$380,000
+1.7%
United States
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How hot is the 20602 housing market?
20602 is very competitive. Homes sell in 37 days.
0
100
75
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 around list price and go pending in around 37 days.
Hot homes
can sell for about 2% above list price and go pending in around 19 days.
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 20602 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 20602.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
20602 has a minor risk of flooding. 562 properties in 20602 are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in 20602. Flood risk is increasing slower than the national average.
97% of properties are at risk of wildfire over the next 30 years
Fire Factor
20602 has a moderate risk of wildfire. There are 9,489 properties in 20602 that have some risk of being affected by wildfire over the next 30 years. This represents 97% of all properties in 20602.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
20602 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 20602 is most at risk from hurricanes. 9,710 properties in 20602 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 76 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 88 mph.