The 20724 housing market is very competitive. Homes in 20724 receive 2 offers on average and sell in around 22 days. The median sale price of a home in 20724 was $571K last month, up 6.6% since last year. The median sale price per square foot in 20724 is $267, down 2.9% since last year.
In May 2025, 20724 home prices were up 6.6% compared to last year, selling for a median price of $571K. On average, homes in 20724 sell after 22 days on the market compared to 21 days last year. There were 66 homes sold in May this year, down from 95 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$570,535
+6.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
20724, MD
$570,535
+6.6%
United States
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How hot is the 20724 housing market?
20724 is very competitive. Homes sell in 18 days.
0
100
84
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 2% above list price and go pending in around 4 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
20724, MD
100.7%
+0.1 pt
United States
Home offer insights for 20724
Explore recent offers and recently sold homes in 20724
Recent offers
Offer Not Accepted|
12 Weeks Ago
~$650K Offer
Sold for $700K
4bd | 2.5ba | ~3,000sqft
Over List Price
0%
Days on Market
5
Competing Offers
5
Down Payment
—
Anthony Thomas
20724 Redfin Agent
This was a multiple offer situation in a highly desirable area. I advised my buyer that in order for us to submit a competitive offer, we needed to offer over list price as well as include an escalation clause. The buyer refused to use the guidance provided. We submitted an offer for list price. Our offer was the least desired out of a total of 6 offers submitted. Although we submitted our offer 1st, our offer was dead last. The buyer was advised of the competitive nature/environment to set the expectation of what was required for them to submit a competitive offer.…
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 20724 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 20724.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
20724 has a minor risk of flooding. 146 properties in 20724 are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in 20724. Flood risk is increasing faster than the national average.
87% of properties are at risk of wildfire over the next 30 years
Fire Factor
20724 has a moderate risk of wildfire. There are 4,814 properties in 20724 that have some risk of being affected by wildfire over the next 30 years. This represents 87% of all properties in 20724.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
20724 has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 20724 is most at risk from hurricanes. 5,525 properties in 20724 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 70 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 82 mph.