Is Bel Air, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bel Air has remained a Seller's Market.
Housing Prices in Bel Air, MD
How much do homes in Bel Air, MD cost?
Median Sold Price
$429,928
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bel Air was $429,928 in April 2024, up 14.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | $175K | +0.9% |
2 Bedrooms | $240K | $251.9K | +5.0% |
3 Bedrooms | $366.1K | $375.6K | +2.6% |
4 Bedrooms | $485.5K | $540K | +11.2% |
5+ Bedrooms | $600K | $712.4K | +18.7% |
Summary: Bel Air housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 18.7%.
Housing Supply in Bel Air, MD
How many homes are available in Bel Air, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 166 | +21.2% |
Summary: The Bel Air real estate market had 166 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 27 | 29 | +7.4% |
3 Bedrooms | 53 | 55 | +3.8% |
4 Bedrooms | 41 | 56 | +36.6% |
5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The Bel Air housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Bel Air in April 2024, down by 12.8% month-over-month. Of the 41 sold homes, 20% were sold under asking, 17% were sold at asking, and 63% were sold over asking.
Days on Market for Bel Air, MD
How long does it take to sell a home in Bel Air, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 11 Days | +56.0% |
Summary: Homes in Bel Air had an average of 11 days on market in Apr 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Bel Air; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.