Is Perry Hall, 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, Perry Hall has remained a Seller's Market.
Key Takeaway
Perry Hall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perry Hall, MD
How much do homes in Perry Hall, MD cost?
Median Sold Price
$386,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Perry Hall have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Perry Hall was $386,500 in May 2024, up 1.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $315K | +8.6% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $556.4K | $482.5K | -13.3% |
| 5+ Bedrooms | $640.5K | $643K | 0.4% |
Summary: Perry Hall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Glen Arm | $575K | $612.2K | +6.5% |
| Nottingham | $290.5K | $305K | +5.0% |
| Perry Hall | $379.9K | $386.5K | +1.7% |
| Kingsville | $550K | $547.5K | -0.5% |
| White Marsh | $533K | $520K | -2.4% |
Housing Supply in Perry Hall, MD
How many homes are available in Perry Hall, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Perry Hall real estate market had 45 homes for sale in May 2024, a 25.0% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Perry Hall 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 33.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perry Hall, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Perry Hall in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.
Days on Market for Perry Hall, MD
How long does it take to sell a home in Perry Hall, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 18 Days | +236.9% |
Summary: Homes in Perry Hall had an average of 18 days on market in May 2024, up by 236.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Perry Hall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Perry Hall; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
