Is Garrett Park, MD 20896 a buyer’s or seller’s market?
Garrett Park is a seller’s market. With about 3.2 months of supply and 0% 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.
The Garrett Park housing market right now
In the three months ending August 31, 2026, 0% of homes in Garrett Park, MD 20896 sold above their list price, the typical home went under contract in 54 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (41 days then) and the median sale price rose 5% to $1,149,503. Overall, Garrett Park is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Silver Spring 20905 (74% sold over asking) and Boyds 20841 (51% sold over asking) are even more competitive.
Run the numbers for 20896
Nearby markets
Ashton 20861Seller’s market $224 /sq ftBarnesville 20838 $218 /sq ftBethesda 20814Seller’s market $425 /sq ftBethesda 20816Seller’s market $495 /sq ft Browse all markets →Where Garrett Park is
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Questions about Garrett Park real estate
Is Garrett Park a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Garrett Park, MD 20896 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 Garrett Park?
The typical home went under contract in 54 days in the latest three months.
Do homes in Garrett Park sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Garrett Park?
About 0.87% of a home’s value a year in Montgomery County, or roughly $3,480 on a $400,000 home.
What is the median home price in Garrett Park?
The median sale price was $1,149,503 in the three months ending August 31, 2026, about $472 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