Is Perry Hall, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perry Hall is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Perry Hall has remained a Seller's Market.

Key Takeaway

Perry Hall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Perry Hall, MD

How much do homes in Perry Hall, MD cost?

Median Sold Price

$408,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$9,000(+2.3%)

Key Takeaway

Homes in Perry Hall have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Perry Hall was $408,500 in September 2024, up 2.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $295K$315K
+6.8%
3 $372.9K$400K
+7.3%
4 $525.5K$544.9K
+3.7%
5+ $663K$620K
-6.5%

Summary: Perry Hall housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Glen Arm
+13.0%
Nottingham
+8.5%
Perry Hall
+2.3%

Housing Supply in Perry Hall, MD

How many homes are available in Perry Hall, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4344+2.3%

Summary: The Perry Hall real estate market had 44 homes for sale in September 2024, a 2.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 1815
-16.7%
4 1516
+6.7%
5+ 77
0.0%

Summary: The Perry Hall housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perry Hall, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Perry Hall in September 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.

Days on Market for Perry Hall, MD

How long does it take to sell a home in Perry Hall, MD?

Average Sale Time

Sep 2023Sep 2024CHANGE
12 Days20 Days+64.0%

Summary: Homes in Perry Hall had an average of 20 days on market in Sep 2024, up by 64% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Perry Hall are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 14 homes were sold in Perry Hall; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Perry Hall, MD

Nearby Markets to Perry Hall, MD

What housing markets are near Perry Hall, MD?