Is Halethorpe, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Halethorpe has remained a Seller's Market.
Key Takeaway
Halethorpe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Halethorpe, MD
How much do homes in Halethorpe, MD cost?
Median Sold Price
$310,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Halethorpe have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Halethorpe was $310,000 in May 2024, up 11.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $173K | -13.9% |
| 2 Bedrooms | $216K | $239K | +10.6% |
| 3 Bedrooms | $270.5K | $297K | +9.8% |
| 4 Bedrooms | $340.5K | $341K | 0.1% |
| 5+ Bedrooms | $380K | $365K | -3.9% |
Summary: Halethorpe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $190.6K | $220.7K | +15.8% |
| Halethorpe | $279K | $310K | +11.1% |
| Catonsville | $377K | $400K | +6.1% |
| Baltimore | $214.4K | $220K | +2.6% |
| Hanover | $513K | $525K | +2.3% |
Housing Supply in Halethorpe, MD
How many homes are available in Halethorpe, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 73 | +14.1% |
Summary: The Halethorpe real estate market had 73 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 34 | 41 | +20.6% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Halethorpe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Halethorpe, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Halethorpe in May 2024, down by 44.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 27% were sold at asking, and 60% were sold over asking.
Days on Market for Halethorpe, MD
How long does it take to sell a home in Halethorpe, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +8.7% |
Summary: Homes in Halethorpe had an average of 16 days on market in May 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Halethorpe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Halethorpe; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
