Is Harford County, 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, Harford County has remained a Seller's Market.
Key Takeaway
Harford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harford County, MD
How much do homes in Harford County, MD cost?
Median Sold Price
$365,186
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harford County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Harford County was $365,186 in March 2024, up 4.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $175K | +8.0% |
| 2 Bedrooms | $224.9K | $240K | +6.7% |
| 3 Bedrooms | $315.4K | $330.1K | +4.7% |
| 4 Bedrooms | $463K | $485.3K | +4.8% |
| 5+ Bedrooms | $585K | $626.5K | +7.1% |
Summary: Harford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Counties
| Lancaster County | $295.7K | $324.9K | +9.9% |
| Cecil County | $316.9K | $340.7K | +7.5% |
| York County | $244.2K | $261.2K | +7.0% |
| Baltimore County | $315K | $335.5K | +6.5% |
| Harford County | $348.3K | $365.1K | +4.8% |
Housing Supply in Harford County, MD
How many homes are available in Harford County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 950 | 1,012 | +6.5% |
Summary: The Harford County real estate market had 1,012 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 140 | 145 | +3.6% |
| 3 Bedrooms | 399 | 434 | +8.8% |
| 4 Bedrooms | 284 | 310 | +9.2% |
| 5+ Bedrooms | 119 | 116 | -2.5% |
Summary: The Harford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 173 | -6.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harford County, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 173 homes were sold or pending in Harford County in March 2024, down by 6.5% month-over-month. Of the 173 sold homes, 28% were sold under asking, 25% were sold at asking, and 47% were sold over asking.
Days on Market for Harford County, MD
How long does it take to sell a home in Harford County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +12.7% |
Summary: Homes in Harford County had an average of 24 days on market in Mar 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harford County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 173 homes were sold in Harford County; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
