Is Brock Hall, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brock Hall is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Brock Hall has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Brock Hall, MD

How much do homes in Brock Hall, MD cost?

Median Sold Price

$589,782

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$217(0%)

Key Takeaway

The sold price of homes in Brock Hall has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $380K$670K
+76.3%
3 $545K$542.5K
-0.5%
4 $658K$650K
-1.2%
5+ $744.5K$750K
+0.7%

Summary: Brock Hall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Neighborhoods

Beech Tree North Village
+30.2%
Perrywood
+8.2%
Brock Hall
0%

Housing Supply in Brock Hall, MD

How many homes are available in Brock Hall, MD?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5549-10.9%

Summary: The Brock Hall real estate market had 49 homes for sale in April 2024, a 10.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 2319
-17.4%
4 2320
-13.0%
5+ 810
+25.0%

Summary: The Brock Hall housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brock Hall, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Brock Hall in April 2024, down by 35.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for Brock Hall, MD

How long does it take to sell a home in Brock Hall, MD?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days25 Days-38.2%

Summary: Homes in Brock Hall had an average of 25 days on market in Apr 2024, down by 38.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Brock Hall; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Brock Hall, MD

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