Is Reisterstown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Reisterstown was a Neutral Market.
Housing Prices in Reisterstown, MD
How much do homes in Reisterstown, MD cost?
Median Sold Price
$379,475
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reisterstown was $379,475 in March 2024, up 8.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $119.5K | +23.2% |
2 Bedrooms | $177.5K | $175K | -1.4% |
3 Bedrooms | $304.9K | $325K | +6.6% |
4 Bedrooms | $451K | $503.2K | +11.6% |
5+ Bedrooms | $727.4K | $660K | -9.3% |
Summary: Reisterstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Finksburg | $440K | $545.4K | +24.0% |
Reisterstown | $350K | $379.4K | +8.4% |
Owings Mills | $336K | $363.3K | +8.1% |
Housing Supply in Reisterstown, MD
How many homes are available in Reisterstown, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
155 | 164 | +5.8% |
Summary: The Reisterstown real estate market had 164 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 44 | 44 | 0.0% |
4 Bedrooms | 49 | 53 | +8.2% |
5+ Bedrooms | 41 | 47 | +14.6% |
Summary: The Reisterstown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Reisterstown in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 24% were sold at asking, and 48% were sold over asking.
Days on Market for Reisterstown, MD
How long does it take to sell a home in Reisterstown, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 42 Days | +28.2% |
Summary: Homes in Reisterstown had an average of 42 days on market in Mar 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Reisterstown; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.