Is Perry Hall, 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, Perry Hall has remained a Seller's Market.
Housing Prices in Perry Hall, MD
How much do homes in Perry Hall, MD cost?
Median Sold Price
$386,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perry Hall was $386,500 in May 2024, up 1.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $315K | +8.6% |
3 Bedrooms | $350K | $385K | +10.0% |
4 Bedrooms | $556.4K | $482.5K | -13.3% |
5+ Bedrooms | $640.5K | $643K | 0.4% |
Summary: Perry Hall 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 8.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Glen Arm | $575K | $612.2K | +6.5% |
Nottingham | $290.5K | $305K | +5.0% |
Perry Hall | $379.9K | $386.5K | +1.7% |
Kingsville | $550K | $547.5K | -0.5% |
White Marsh | $533K | $520K | -2.4% |
Housing Supply in Perry Hall, MD
How many homes are available in Perry Hall, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 45 | +25.0% |
Summary: The Perry Hall real estate market had 45 homes for sale in May 2024, a 25.0% increase 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 | 8 | +33.3% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 8 | 15 | +87.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Perry Hall 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 increased by 33.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Perry Hall in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 18 Days | +236.9% |
Summary: Homes in Perry Hall had an average of 18 days on market in May 2024, up by 236.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Perry Hall; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.