Is Perry Hall, 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, 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
$385,750
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Perry Hall has remained the same since last year.
Summary: The median home sold price in Perry Hall was $385,750 in March 2024, up 0.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $315K | +16.7% |
| 3 Bedrooms | $350.2K | $385K | +9.9% |
| 4 Bedrooms | $551.5K | $503K | -8.8% |
| 5+ Bedrooms | $675K | $643K | -4.7% |
Summary: Perry Hall housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Nottingham | $290K | $299.6K | +3.3% |
| Perry Hall | $384K | $385.7K | 0.5% |
| Glen Arm | $615K | $600K | -2.4% |
Housing Supply in Perry Hall, MD
How many homes are available in Perry Hall, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 60 | +11.1% |
Summary: The Perry Hall real estate market had 60 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Perry Hall housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perry Hall, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Perry Hall in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 33% were sold at asking, and 58% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 13 Days | -40.8% |
Summary: Homes in Perry Hall had an average of 13 days on market in Mar 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perry Hall are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Perry Hall; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
