Is Hillsmere Estates, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hillsmere Estates has remained a Seller's Market.
Key Takeaway
Hillsmere Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsmere Estates, MD
How much do homes in Hillsmere Estates, MD cost?
Median Sold Price
$611,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Hillsmere Estates has remained the same since last year.
Summary: The median home sold price in Hillsmere Estates was $611,000 in April 2024, down 0.2% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $430K | N/A |
| 3 Bedrooms | $532K | $590K | +10.9% |
| 4 Bedrooms | $602.5K | $650K | +7.9% |
| 5+ Bedrooms | $640K | $1.2M | +92.3% |
Summary: Hillsmere Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 92.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Annapolis Neck | $637.5K | $678.3K | +6.4% |
| Hillsmere Estates | $612K | $611K | -0.2% |
Housing Supply in Hillsmere Estates, MD
How many homes are available in Hillsmere Estates, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Hillsmere Estates real estate market had 11 homes for sale in April 2024, a 37.5% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hillsmere Estates 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 increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsmere Estates, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Hillsmere Estates in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hillsmere Estates, MD
How long does it take to sell a home in Hillsmere Estates, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 2 Days | -95.7% |
Summary: Homes in Hillsmere Estates had an average of 2 days on market in Apr 2024, down by 95.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsmere Estates are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Hillsmere Estates; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
