$3,086 Closing Credit*
$259,900
2,135 SqFt
4 Beds
•2 Full Baths
Tyler Frank, Listing Office: Crown Real Estate, LLC.
Is Bel Air / Edison, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bel Air / Edison has remained a Seller's Market.
Key Takeaway
Bel Air / Edison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bel Air / Edison, MD
How much do homes in Bel Air / Edison, MD cost?
Median Sold Price
$150,000
$114/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Bel Air / Edison has remained the same since last year.
Summary: The median home sold price in Bel Air / Edison was $150,000 in November 2024, the same as last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.9K | $135K | +12.5% |
| 3 Bedrooms | $150K | $146.7K | -2.2% |
| 4 Bedrooms | $195K | $208K | +6.7% |
| 5+ Bedrooms | $240K | $228K | -5.0% |
Summary: Bel Air / Edison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Neighborhoods
| Bel Air / Edison | $150K | $150K | 0.0% |
| Parkside | $170K | $165K | -2.9% |
Housing Supply in Bel Air / Edison, MD
How many homes are available in Bel Air / Edison, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 69 | -14.8% |
Summary: The Bel Air / Edison real estate market had 69 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Bel Air / Edison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bel Air / Edison, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Bel Air / Edison in November 2024, down by 35.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Bel Air / Edison, MD
How long does it take to sell a home in Bel Air / Edison, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +21.6% |
Summary: Homes in Bel Air / Edison had an average of 28 days on market in Nov 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel Air / Edison are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Bel Air / Edison; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
