Is Havre de Grace, 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, Havre de Grace has remained a Seller's Market.
Key Takeaway
Havre de Grace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Havre de Grace, MD
How much do homes in Havre de Grace, MD cost?
Median Sold Price
$390,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Havre de Grace has remained the same since last year.
Summary: The median home sold price in Havre de Grace was $390,000 in May 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $265K | +6.0% |
| 2 Bedrooms | $250K | $302.5K | +21.0% |
| 3 Bedrooms | $364K | $375K | +3.0% |
| 4 Bedrooms | $444.9K | $404.9K | -9.0% |
| 5+ Bedrooms | $590K | $504.5K | -14.5% |
Summary: Havre de Grace housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Aberdeen | $283.9K | $318.7K | +12.3% |
| Havre de Grace | $390K | $390K | 0.0% |
Housing Supply in Havre de Grace, MD
How many homes are available in Havre de Grace, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 | 113 | +4.6% |
Summary: The Havre de Grace real estate market had 113 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 35 | 43 | +22.9% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Havre de Grace housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Havre de Grace, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Havre de Grace in May 2024, up by 9.1% month-over-month. Of the 24 sold homes, 17% were sold under asking, 63% were sold at asking, and 21% were sold over asking.
Days on Market for Havre de Grace, MD
How long does it take to sell a home in Havre de Grace, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 27 Days | +115.7% |
Summary: Homes in Havre de Grace had an average of 27 days on market in May 2024, up by 115.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Havre de Grace are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Havre de Grace; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
