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 August 2021

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.

How much do homes in Hampstead, MD cost?

Median Sold Price

$315,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$51,500(+19.5%)

Key Takeaway

Homes in Hampstead have sold for 19.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $172K$184.5K
+7.3%
3 $254.6K$295K
+15.8%
4 $415K$385K
-7.2%
5+ $425.5K$639.9K
+50.4%

Median Sold Price Compared To Nearby Cities

Hampstead
+19.5%
Upperco
+0.9%

How many homes are available in Hampstead, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
1321+61.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 47
+75.0%
3 58
+60.0%
4 35
+66.7%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
09+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 44.4% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
5 Days7 Days+44.1%

Breakdown of Home Sale Times

8 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hampstead, MD

Hampstead, MD has 21 homes for sale to choose from. In August 2022 in Hampstead, MD there were 61.5% more homes for sale than in July 2022. In August 2022 median list price was $315,000 and the average listing age was 7 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 7.3% more expensive, 3 bedrooms properties prices increased by 15.8%, prices of 4 bedrooms properties went down by 7.2%, prices of 5 bedrooms properties went up by 50.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 75%, the quantity of 3 bedrooms homes went up by 60%, 4 bedrooms homes became 66.7% more available, the quantity of 5 bedrooms homes have not changed. Over 4 listings were sold over their listed price in August 2022 in Hampstead, MD. In the same period over 2 listings were sold below the listed price and 3 listings were sold for the listed price.