Is Glenham / Belhar, 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, Glenham / Belhar has remained a Seller's Market.
Key Takeaway
Glenham / Belhar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenham / Belhar, MD
How much do homes in Glenham / Belhar, MD cost?
Median Sold Price
$245,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glenham / Belhar have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Glenham / Belhar was $245,000 in April 2024, up 11.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $155K | +6.9% |
| 3 Bedrooms | $215K | $225K | +4.7% |
| 4 Bedrooms | $279.9K | $291K | +3.9% |
| 5+ Bedrooms | $255K | $382.9K | +50.2% |
Summary: Glenham / Belhar 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 6.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 50.2%.
Housing Supply in Glenham / Belhar, MD
How many homes are available in Glenham / Belhar, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Glenham / Belhar real estate market had 28 homes for sale in April 2024, a 6.7% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 21 | 14 | -33.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Glenham / Belhar 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Glenham / Belhar, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Glenham / Belhar in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Glenham / Belhar, MD
How long does it take to sell a home in Glenham / Belhar, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 17 Days | -45.5% |
Summary: Homes in Glenham / Belhar had an average of 17 days on market in Apr 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenham / Belhar are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Glenham / Belhar; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
