Home Values

20878 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$512,400

  • 2.0% 1-year change
  • -1.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in 20878 is $512,400. 20878 home values have gone up 2.0% over the past year and Zillow predicts they will fall -1.0% within the next year. The median list price per square foot in 20878 is $249, which is higher than the Washington Metro average of $207. The median price of homes currently listed in 20878 is $499,500 while the median price of homes that sold is $476,625. The median rent price in 20878 is $1,890, which is higher than the Washington Metro median of $1,855.

Foreclosures will be a factor impacting home values in the next several years. In 20878 2.6 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 4.0 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 20878 is 4.9%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 20878 homeowners underwater on their mortgage is 11.9%, which is lower than Washington Metro at 19.3%.

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Relative ZHVI
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20878 Market Overview

Data through Oct 31, 2014
  • $512,400 ZHVI
  • -1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $499,500 Median listing price
  • $476,625 Median sale price
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20878 Market Health

Data through Oct 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes 20878
4 homes Washington Metro
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
20854 $895,700
20841 $596,000
20850 $550,100
Name Median ZHVI
20876 $329,100
20877 $319,400
20879 $282,600
Name Median ZHVI
20874 $279,500
20886 $242,700
 

Listings & Sales

Data through Oct 31, 2014
  • $249 Median list price / sq ft
  • $257 Median sale price / sq ft
  • 51.3% Listings with price cut
17.9%
Sold below listing
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20878 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,479 20878
    $2,099 Washington Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,890 Rent list price
  • $1.44 Rent list price / sq ft
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