Is Hampstead, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hampstead has remained a Seller's Market.
Key Takeaway
Hampstead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampstead, MD
How much do homes in Hampstead, MD cost?
Median Sold Price
$380,750
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampstead have sold for 25% more than they did a year ago.
Summary: The median home sold price in Hampstead was $380,750 in March 2024, up 25% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $225.5K | +4.9% |
| 3 Bedrooms | $307.4K | $354.9K | +15.4% |
| 4 Bedrooms | $475K | $490K | +3.2% |
| 5+ Bedrooms | $472.5K | $575K | +21.7% |
Summary: Hampstead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in Hampstead, MD
How many homes are available in Hampstead, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Hampstead real estate market had 34 homes for sale in March 2024, a 2.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Hampstead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampstead, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Hampstead in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Hampstead, MD
How long does it take to sell a home in Hampstead, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 5 Days | -86.5% |
Summary: Homes in Hampstead had an average of 5 days on market in Mar 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampstead are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Hampstead; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
