Is Reisterstown, 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, Reisterstown has remained a Seller's Market.
Key Takeaway
Reisterstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reisterstown, MD
How much do homes in Reisterstown, MD cost?
Median Sold Price
$379,860
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Reisterstown have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Reisterstown was $379,860 in April 2024, up 7.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $119.5K | +23.2% |
| 2 Bedrooms | $175K | $175K | 0.0% |
| 3 Bedrooms | $308.7K | $325K | +5.3% |
| 4 Bedrooms | $457K | $520K | +13.8% |
| 5+ Bedrooms | $739.9K | $727.3K | -1.7% |
Summary: Reisterstown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Finksburg | $450K | $541K | +20.2% |
| Reisterstown | $353.8K | $379.8K | +7.4% |
| Owings Mills | $340K | $351.5K | +3.4% |
Housing Supply in Reisterstown, MD
How many homes are available in Reisterstown, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 89 | +17.1% |
Summary: The Reisterstown real estate market had 89 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Reisterstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reisterstown, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Reisterstown in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -29.8% |
Summary: Homes in Reisterstown had an average of 19 days on market in Apr 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reisterstown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Reisterstown; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
