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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampstead is a seller's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Hampstead was a Buyer'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

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$76,750(+25.2%)

Key Takeaway

Homes in Hampstead have sold for 25.2% more than they did a year ago.

Summary: The median home sold price in Hampstead was $380,750 in January 2024, up 25.2% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $209.9K$225K
+7.2%
3 $307.5K$352K
+14.5%
4 $457.5K$480K
+4.9%
5+ $515K$563.5K
+9.4%

Summary: Hampstead housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.4%.

Housing Supply in Hampstead, MD

How many homes are available in Hampstead, MD?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3132+3.2%

Summary: The Hampstead real estate market had 32 homes for sale in January 2024, a 3.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1313
0.0%
4 1314
+7.7%
5+ 22
0.0%

Summary: The Hampstead housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampstead, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hampstead in January 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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

Jan 2023Jan 2024CHANGE
27 Days15 Days-42.0%

Summary: Homes in Hampstead had an average of 15 days on market in Jan 2024, down by 42% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 6 homes were sold in Hampstead; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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