Is Reisterstown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Reisterstown was a Seller's Market.
Housing Prices in Reisterstown, MD
How much do homes in Reisterstown, MD cost?
Median Sold Price
$385,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Reisterstown was $385,000 in May 2024, up 6.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99K | $119.5K | +20.7% |
2 Bedrooms | $180K | $175.8K | -2.3% |
3 Bedrooms | $309K | $330K | +6.8% |
4 Bedrooms | $442K | $550K | +24.4% |
5+ Bedrooms | $792K | $712K | -10.1% |
Summary: Reisterstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
Finksburg | $460K | $515K | +12.0% |
Reisterstown | $360K | $385K | +6.9% |
Owings Mills | $340.8K | $360K | +5.6% |
Housing Supply in Reisterstown, MD
How many homes are available in Reisterstown, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 125 | +31.6% |
Summary: The Reisterstown real estate market had 125 homes for sale in May 2024, a 31.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 22 | 32 | +45.5% |
4 Bedrooms | 33 | 47 | +42.4% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The Reisterstown 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 remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Reisterstown in May 2024, down by 31.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 10 Days | -17.6% |
Summary: Homes in Reisterstown had an average of 10 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Reisterstown; 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.