Is Bel Air, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bel Air is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Bel Air has remained a Seller's Market.

Key Takeaway

Bel Air is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bel Air, MD cost?

Median Sold Price

$289,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$24,000(+9.1%)

Key Takeaway

Homes in Bel Air have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $120K$173.5K
+44.6%
2 $200.9K$230.2K
+14.6%
3 $285K$327K
+14.7%
4 $402.5K$435K
+8.1%
5+ $369.6K$500K
+35.3%

How many homes are available in Bel Air, MD?

Number of Homes For Sale

Nov 2022Dec 2022%
3729-21.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 21
-50.0%
2 1210
-16.7%
3 129
-25.0%
4 65
-16.7%
5+ 54
-20.0%

Number of Homes Sold

Nov 2022Dec 2022%
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bel Air, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
24 Days17 Days-26.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bel Air are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bel Air, MD

Bel Air, MD has 29 homes on the market. The number of homes for sale in Bel Air, MD decreased by 21.6% between November 2022 and December 2022. In December 2022, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $289,000. Listing prices have changed in this real estate market between November 2022 and December 2022: the cost of 1 bedroom properties went up by 44.6%, prices of 2 bedrooms properties increased by 14.6%, prices of 3 bedrooms properties went up by 14.7%, 4 bedrooms properties became 8.1% more expensive, the cost of 5 bedrooms properties went up by 35.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 50% less available, 2 bedrooms homes inventory decreased by 16.7%, 3 bedrooms homes became 25% less available, 4 bedrooms homes inventory decreased by 16.7%, 5 bedrooms homes inventory decreased by 20%. In December 2022, from all listings sold in Bel Air, MD there were more than 2 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.