Is Rock 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, Rock Hall has remained a Buyer's Market.
Key Takeaway
Rock Hall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rock Hall, MD
How much do homes in Rock Hall, MD cost?
Median Sold Price
$310,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rock Hall have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in Rock Hall was $310,000 in May 2024, up 23.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $70K | +7.7% |
| 2 Bedrooms | $227K | $232K | +2.2% |
| 3 Bedrooms | $295K | $310K | +5.1% |
| 4 Bedrooms | $253.5K | $362.4K | +43.0% |
| 5+ Bedrooms | - | $610K | N/A |
Summary: Rock Hall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 43%, and 5+ bedroom homes did not change.
Housing Supply in Rock Hall, MD
How many homes are available in Rock Hall, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Rock Hall real estate market had 28 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rock 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 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Hall, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rock Hall in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rock Hall, MD
How long does it take to sell a home in Rock Hall, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 57 Days | +421.2% |
Summary: Homes in Rock Hall had an average of 57 days on market in May 2024, up by 421.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rock Hall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Rock Hall; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
