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Sarah Mitchell
Compass Real Estate · ZIP 20841
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20841 ZIP Code Housing Market
$740,000median sale price
What is the 20841 housing market like right now?
The median home sale price in ZIP code 20841 is $740,000, up 1.0% year-over-year. Homes sell in an average of 87 days with 22 active listings. The market is currently a balanced market. (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 20841 ZIP code a buyer's or seller's market?
ZIP code 20841 is currently a balanced market and homes selling in about 87 days. How we determine this →
What are the latest 20841 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $740,000 |
| Median list price | $749,995 |
| Year-over-year price change | +1.0% |
| Average days on market | 87 days |
| Active inventory | 22 listings |
| Sale-to-list price ratio | 105.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 20841 zip code, located in Germantown, MD, is currently classified as a balanced market. The median sale price stands at $740,000, representing a +1.0% change year over year. Homes in this area spend an average of 87 days on the market before going under contract. There are currently 22 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 20841 sits in the Germantown, MD area, roughly 3.2 miles from downtown Germantown. Because home prices are set street by street, this ZIP can move differently from Germantown's citywide averages. The figures below reflect 20841 specifically — drawn from Redfin transactions, U.S. Census data for its 9,969 residents, and Zillow value estimates.
Homes sold
43
Last 12 weeks
Days on market
87
Average pace
Active listings
22
Sale-to-list
105.3%
Above asking
What is driving the 20841 housing market?
The 20841 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 105.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 20841 have increased +1.0% compared to last year, suggesting continued demand and potential for further appreciation. 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 20841 stands at $849,939, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 20841?
Population
9,969
Median income
$184,688/yr
Median age
46.8 years
Owner-occupied
91.1%
College grads
59.5%
Avg commute
34.64 min
What is it like living in 20841?
Zip code 20841 is home to approximately 9,969 residents. The median household income is $184,688 per year, which shapes the types of homes and amenities available in the area. With a median age of 46.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 91.1% 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 59.5% 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 34.64 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 20841.
Frequently asked questions about 20841
What is the median home price in 20841?
The current median sale price in 20841 is $740,000, based on recent Redfin transaction data. Prices have changed +1.0% 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 20841 a buyer's or seller's market?
The 20841 zip code is currently classified as a balanced market. 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 20841?
Zip code 20841 has a population of approximately 9,969 residents. The median household income is $184,688 per year. About 91.1% 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 20841?
Properties Incorporated provides comprehensive data for 20841 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 20841 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.
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