Is Hampstead, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$385,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Hampstead have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Hampstead was $385,000 in June 2024, up 7.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $239.9K | +9.0% |
| 3 Bedrooms | $325K | $370K | +13.8% |
| 4 Bedrooms | $475K | $513K | +8.0% |
| 5+ Bedrooms | $552K | $575K | +4.2% |
Summary: Hampstead housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Upperco | $380K | $505K | +32.9% |
| Hampstead | $357.9K | $385K | +7.6% |
Housing Supply in Hampstead, MD
How many homes are available in Hampstead, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The Hampstead real estate market had 41 homes for sale in June 2024, a 10.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Hampstead housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were 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. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Hampstead in June 2024, down by 46.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +41.0% |
Summary: Homes in Hampstead had an average of 11 days on market in Jun 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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 June 2024, 7 homes were sold in Hampstead; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
