Brokers — List your Company Here
Featured local agent — ZIP 20724
Sarah Mitchell
Compass Real Estate · ZIP 20724
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
20724 ZIP Code Housing Market
$511,680median sale price
What is the 20724 housing market like right now?
The median home sale price in ZIP code 20724 is $511,680, down 10.1% year-over-year. Homes sell in an average of 57 days with 35 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 20724 ZIP code a buyer's or seller's market?
ZIP code 20724 is currently a leaning buyer's and homes selling in about 57 days. How we determine this →
What are the latest 20724 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $511,680 |
| Median list price | $511,230 |
| Year-over-year price change | -10.1% |
| Average days on market | 57 days |
| Active inventory | 35 listings |
| Sale-to-list price ratio | 100.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 20724 zip code, located in Maryland City, MD, is currently classified as a leaning buyer's. The median sale price stands at $511,680, representing a -10.1% change year over year. Homes in this area spend an average of 57 days on the market before going under contract. There are currently 35 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 20724 sits in the Maryland City, MD area, roughly 1.7 miles from downtown Maryland City. Because home prices are set street by street, this ZIP can move differently from Maryland City's citywide averages. The figures below reflect 20724 specifically — drawn from Redfin transactions, U.S. Census data for its 19,369 residents, and Zillow value estimates.
Homes sold
101
Last 12 weeks
Days on market
57
Average pace
Active listings
35
Sale-to-list
100.0%
Below asking
What is driving the 20724 housing market?
The 20724 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 100.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 20724 have declined -10.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 20724 stands at $473,502, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,389 per month. This gives a price-to-rent ratio of approximately 16.5, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 20724?
Population
19,369
Median income
$118,115/yr
Median age
36.1 years
Owner-occupied
61.0%
College grads
45.1%
Avg commute
34.19 min
What is it like living in 20724?
Zip code 20724 is home to approximately 19,369 residents. The median household income is $118,115 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 61.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 45.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 34.19 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 20724.
Which public schools serve ZIP 20724?
4 schools tracked · 1,831 students
The largest public schools serving ZIP code 20724 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Monarch Global Academy PCS Laurel Campus
Grades K-8 · 832 students
Brock Bridge Elementary
Grades PK-5 · 532 students
Maryland City Elementary
Grades PK-5 · 431 students
Maya Angelou Academy at New Beginnings formerly Oak Hill
Grades 7-12 · 36 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 20724
What is the median home price in 20724?
The current median sale price in 20724 is $511,680, based on recent Redfin transaction data. Prices have changed -10.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 20724 a buyer's or seller's market?
The 20724 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 20724?
Zip code 20724 has a population of approximately 19,369 residents. The median household income is $118,115 per year. About 61.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 20724?
Properties Incorporated provides comprehensive data for 20724 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 20724 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 20724
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get zip code 20724 market alerts
Weekly updates on prices, inventory, and trends. Free forever.