Is Bel Air, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $120K | $173.5K | +44.6% |
| 2 Bedrooms | $200.9K | $230.2K | +14.6% |
| 3 Bedrooms | $285K | $327K | +14.7% |
| 4 Bedrooms | $402.5K | $435K | +8.1% |
| 5+ Bedrooms | $369.6K | $500K | +35.3% |
How many homes are available in Bel Air, MD?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 37 | 29 | -21.6% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 11 | 7 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 24 Days | 17 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
Key Takeaway
Many homes in Bel Air are selling fast, if you're buying plan to act quickly.
