20724 — Anne Arundel County, Maryland Market Snapshot
Housing market data for zip code 20724 in Anne Arundel County, Maryland. Updated monthly with median prices, days on market, and more.
Market Sales Data
74 sales in 2026 (year to date)
Median Sale Price
$512,930
Days to Sell
59
Homes Sold
74
Inventory
25
Sale-to-List
99.8%
New Listings
72
Price/SqFt
$262
Pending Sales
50
Conforming Loan Available
Most homebuyers in 20724 can comfortably use conventional financing. The median home price of $512,930 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
20724's market is balanced with homes taking an average of 59 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 20724 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 20724 can comfortably use conventional financing. The median home price of $512,930 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 20724 are set at the county level.
2026 Loan Limits — Anne Arundel County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $747,500 |
| 2 Units | $1,066,250 | $956,950 |
| 3 Units | $1,288,800 | $1,156,700 |
| 4 Units | $1,601,750 | $1,437,500 |
Affordability Snapshot — Zip 20724
To purchase the median home at $512,930 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,080.
Monthly Payment
$4,080
Income Required
$174,853
Principal & Interest
$3,161/mo
Down Payment (5%)
$25,647
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 20724.
Estimated Monthly Payment
$3,324
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