Sales Decline in 20705 Zip Code Real Estate Market

Home sales in the 20705 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 26.9% to 19 homes sold over the last 30 days. In comparison, the nearby 20706 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 20705 zip code, and the median sales price this period increased from $318,500 to $320,000. Despite the slip in sales, a relatively low three months of inventory indicates that the 20705 zip code is a seller's market.

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Demographic facts for the 20705 zip code:

  • There are 6.4% vacant homes here.
  • The area gets 203 sunny days a year. (U.S. average: 205)
  • The student-to-librarian ratio is 904:1. (803:1 = national average)

Data reported through 10/12/2016

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