Is Halethorpe, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Halethorpe is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Halethorpe, MD

How much do homes in Halethorpe, MD cost?

Median Sold Price

$300,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,550(+7.4%)

Key Takeaway

Homes in Halethorpe have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Halethorpe was $300,000 in February 2024, up 7.4% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $201K$173K
-13.9%
2 $185K$232.5K
+25.7%
3 $270.5K$290.8K
+7.5%
4 $345K$330K
-4.3%
5+ $380K$375K
-1.3%

Summary: Halethorpe housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Halethorpe
+7.4%
Brooklyn
+4.8%
Hanover
+2.9%
Catonsville
+2.6%
Baltimore
+1.2%

Housing Supply in Halethorpe, MD

How many homes are available in Halethorpe, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9189-2.2%

Summary: The Halethorpe real estate market had 89 homes for sale in February 2024, a 2.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 75
-28.6%
3 5449
-9.3%
4 1826
+44.4%
5+ 119
-18.2%

Summary: The Halethorpe housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Halethorpe, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Halethorpe in February 2024, up by 5.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 47% were sold at asking, and 32% were sold over asking.

Days on Market for Halethorpe, MD

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

Average Sale Time

Feb 2023Feb 2024CHANGE
27 Days15 Days-44.2%

Summary: Homes in Halethorpe had an average of 15 days on market in Feb 2024, down by 44.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 19 homes were sold in Halethorpe; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% 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 27 Days Ago

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