Is Jessup, MD 20794 a buyer’s or seller’s market?
Jessup is a seller’s market. With about 1.9 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 74% of U.S. ZIP codes, and #98 of 241 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Jessup housing market right now
In the three months ending August 31, 2026, 39% of homes in Jessup, MD 20794 sold above their list price, the typical home went under contract in 55 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (29 days then) and the median sale price fell 5% to $419,818. Overall, Jessup is less competitive than a year ago, which gives buyers more room.
Within Howard County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 83%. On our competition score, Jessup ranks #98 of 241 MD ZIP codes with enough sales (score 70 out of 100).
Nearby, buyers who want less competition could look at Dayton 21036 (10% sold over asking) or Savage 20763 (25% sold over asking), while Woodbine 21797 (63% sold over asking) and Glenwood 21738 (60% sold over asking) are even more competitive.
Run the numbers for 20794
Nearby markets
Clarksville 21029Seller’s market $285 /sq ftColumbia 21044Seller’s market $250 /sq ftColumbia 21045Seller’s market $255 /sq ftColumbia 21046Seller’s market $252 /sq ft Browse all markets →Towns like Jessup nearby
Find towns like Jessup in other states →Where Jessup is
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Questions about Jessup real estate
Is Jessup a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Jessup, MD 20794 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Jessup?
The typical home went under contract in 55 days in the latest three months.
Do homes in Jessup sell over asking?
39% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Jessup?
About 1.17% of a home’s value a year in Howard County, or roughly $4,680 on a $400,000 home.
What is the median home price in Jessup?
The median sale price was $419,818 in the three months ending August 31, 2026, about $248 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology