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Sarah Mitchell
Compass Real Estate · ZIP 20855
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20855 ZIP Code Housing Market
$647,950median sale price
What is the 20855 housing market like right now?
The median home sale price in ZIP code 20855 is $647,950, down 1.9% year-over-year. Homes sell in an average of 34 days with 31 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 20855 ZIP code a buyer's or seller's market?
ZIP code 20855 is currently a balanced market and homes selling in about 34 days. How we determine this →
What are the latest 20855 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $647,950 |
| Median list price | $710,000 |
| Year-over-year price change | -1.9% |
| Average days on market | 34 days |
| Active inventory | 31 listings |
| Sale-to-list price ratio | 100.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 20855 zip code, located in Redland, MD, is currently classified as a balanced market. The median sale price stands at $647,950, representing a -1.9% change year over year. Homes in this area spend an average of 34 days on the market before going under contract. There are currently 31 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 20855 sits in the Redland, MD area, roughly 0.8 miles from downtown Redland. Because home prices are set street by street, this ZIP can move differently from Redland's citywide averages. The figures below reflect 20855 specifically — drawn from Redfin transactions, U.S. Census data for its 17,279 residents, and Zillow value estimates.
Homes sold
54
Last 12 weeks
Days on market
34
Average pace
Active listings
31
Sale-to-list
100.9%
Above asking
What is driving the 20855 housing market?
The 20855 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 100.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 20855 have declined -1.9% 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 20855 stands at $696,996, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,539 per month. This gives a price-to-rent ratio of approximately 22.9, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 20855?
Population
17,279
Median income
$149,110/yr
Median age
41.3 years
Owner-occupied
74.4%
College grads
66.8%
Avg commute
35.42 min
What is it like living in 20855?
Zip code 20855 is home to approximately 17,279 residents. The median household income is $149,110 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 74.4% 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 66.8% 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 35.42 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. 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 20855.
Which public schools serve ZIP 20855?
5 schools tracked · 3,522 students
The largest public schools serving ZIP code 20855 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.
Col. Zadok Magruder High
Grades 9-12 · 1,622 students
Redland Middle
Grades 6-8 · 583 students
Mill Creek Towne Elementary
Grades PK-5 · 497 students
Sequoyah Elementary
Grades PK-5 · 452 students
Candlewood Elementary
Grades K-5 · 368 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 20855
What is the median home price in 20855?
The current median sale price in 20855 is $647,950, based on recent Redfin transaction data. Prices have changed -1.9% 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 20855 a buyer's or seller's market?
The 20855 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 20855?
Zip code 20855 has a population of approximately 17,279 residents. The median household income is $149,110 per year. About 74.4% 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 20855?
Properties Incorporated provides comprehensive data for 20855 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 20855 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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