Is Butcher's Hill, 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, Butcher's Hill has remained a Seller's Market.
Housing Prices in Butcher's Hill, MD
How much do homes in Butcher's Hill, MD cost?
Median Sold Price
$330,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Butcher's Hill was $330,000 in April 2024, down 4.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $202K | +41.8% |
2 Bedrooms | $225K | $305K | +35.6% |
3 Bedrooms | $353.5K | $375K | +6.1% |
4 Bedrooms | $549.9K | $475K | -13.6% |
5+ Bedrooms | $652.5K | - | N/A |
Summary: Butcher's Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Patterson Park | $270K | $290K | +7.4% |
Butcher's Hill | $345K | $330K | -4.3% |
CARE | $182K | $165K | -9.3% |
Housing Supply in Butcher's Hill, MD
How many homes are available in Butcher's Hill, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Butcher's Hill real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Butcher's Hill 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Butcher's Hill in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Butcher's Hill, MD
How long does it take to sell a home in Butcher's Hill, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 58 Days | +546.3% |
Summary: Homes in Butcher's Hill had an average of 58 days on market in Apr 2024, up by 546.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Butcher's Hill; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.