Is Hillcrest, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hillcrest has remained a Seller's Market.
Key Takeaway
Hillcrest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillcrest, MD
How much do homes in Hillcrest, MD cost?
Median Sold Price
$238,000
$208/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Hillcrest have sold for 27.9% less than they did a month ago.
Summary: The median home sold price in Hillcrest was $238,000 in April 2024, down 27.9% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $176K | N/A |
| 3 Bedrooms | $297.4K | $300K | +0.9% |
| 4 Bedrooms | $353K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Hillcrest housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Curtis Heights | $205.5K | $213K | +3.6% |
| Hillcrest | $330K | $238K | -27.9% |
Housing Supply in Hillcrest, MD
How many homes are available in Hillcrest, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Hillcrest real estate market had 5 homes for sale in April 2024, a 37.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hillcrest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hillcrest, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hillcrest in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hillcrest, MD
How long does it take to sell a home in Hillcrest, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 26 Days | -34.3% |
Summary: Homes in Hillcrest had an average of 26 days on market in Apr 2024, down by 34.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillcrest are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Hillcrest; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
