The 20878 housing market is very competitive. Homes in 20878 receive 3 offers on average and sell in around 27 days. The median sale price of a home in 20878 was $690K last month, up 7.8% since last year. The median sale price per square foot in 20878 is $305, up 17.5% since last year.
In October 2024, 20878 home prices were up 7.8% compared to last year, selling for a median price of $690K. On average, homes in 20878 sell after 27 days on the market compared to 20 days last year. There were 167 homes sold in October this year, up from 153 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$689,700
+7.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
20878, MD
$689,700
+7.8%
United States
To compare other locations to the 20878 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 20878 housing market?
20878 is very competitive. Homes sell in 29 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 29 days.
Hot homes
can sell for about 4% above list price and go pending in around 13 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
20878, MD
100.9%
-0.21 pt
United States
Home offer insights for 20878
Explore recent offers and recently sold homes in 20878
Recent offers
Winning Offer|
6 Weeks Ago
~$450K Offer
2bd | 2ba | ~1,750sqft
Over List Price
1%
Days on Market
19
Competing Offers
0
Down Payment
~60%
Lisa Greaves
20878 Redfin Agent
We had previously missed out on homes due to our home sale contingency. This time, we offered about 1% over asking price and offered on a home that had been on the market a couple of weeks.…
More
Offer Not Accepted|
7 Weeks Ago
~$700K Offer
Sold for $750K
4bd | 3ba | ~2,000sqft
Over List Price
0%
Days on Market
4
Competing Offers
5
Down Payment
~20%
Lisa Greaves
20878 Redfin Agent
Our offer was for full list price, financing & appraisal contingencies and a 7-day right to cancel only inspection. Sellers received multiple offers, none waived inspection. Price escalated well over asking price.…
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 20878 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 20878.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
20878 has a minor risk of flooding. 963 properties in 20878 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 20878. Flood risk is increasing slower than the national average.
70% of properties are at risk of wildfire over the next 30 years
Fire Factor
20878 has a moderate risk of wildfire. There are 13,207 properties in 20878 that have some risk of being affected by wildfire over the next 30 years. This represents 70% of all properties in 20878.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
20878 has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 20878 is most at risk from hurricanes. 18,690 properties in 20878 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 76 mph.