Is Belcamp, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Belcamp has remained a Seller's Market.
Key Takeaway
Belcamp is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belcamp, MD
How much do homes in Belcamp, MD cost?
Median Sold Price
$270,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belcamp have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Belcamp was $270,000 in May 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $205K | $235.5K | +14.9% |
| 3 Bedrooms | $275K | $272K | -1.1% |
| 4 Bedrooms | $381.5K | $400K | +4.8% |
| 5+ Bedrooms | $460K | $540K | +17.4% |
Summary: Belcamp housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Abingdon | $321.1K | $335K | +4.3% |
| Belcamp | $262.5K | $270K | +2.9% |
Housing Supply in Belcamp, MD
How many homes are available in Belcamp, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Belcamp real estate market had 19 homes for sale in May 2024, a 17.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Belcamp housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belcamp, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Belcamp in May 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Belcamp, MD
How long does it take to sell a home in Belcamp, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +14.3% |
Summary: Homes in Belcamp had an average of 12 days on market in May 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
5 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 Belcamp are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Belcamp; 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.
