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.
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
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
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
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.