Is Fell's Point, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fell's Point was a Seller's Market.
Key Takeaway
Fell's Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fell's Point, MD
How much do homes in Fell's Point, MD cost?
Median Sold Price
$322,492
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fell's Point have sold for 14% less than they did a year ago.
Summary: The median home sold price in Fell's Point was $322,492 in April 2024, down 14% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.2K | $205K | -20.0% |
| 2 Bedrooms | $378.4K | $315K | -16.8% |
| 3 Bedrooms | $415K | $381K | -8.2% |
| 4 Bedrooms | $452.5K | $639K | +41.2% |
| 5+ Bedrooms | - | $885K | N/A |
Summary: Fell's Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes did not change.
Housing Supply in Fell's Point, MD
How many homes are available in Fell's Point, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Fell's Point real estate market had 30 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 1 | 5 | +400.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fell's Point 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 7.1%, 3 bedroom homes increased by 400%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fell's Point, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Fell's Point in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Fell's Point, MD
How long does it take to sell a home in Fell's Point, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 20 Days | -60.8% |
Summary: Homes in Fell's Point had an average of 20 days on market in Apr 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
3 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 Fell's Point are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fell's Point; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
