$2,969 Closing Credit*
$249,999
1,280 SqFt
4 Beds
•2 Full Baths, 1 Partial
Clairette L Mafouomene, Listing Office: RE/MAX Realty Group
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 October 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
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+1.4%)
Key Takeaway
Homes in Bel Air / Edison have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Bel Air / Edison was $150,000 in October 2024, up 1.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $135K | +12.5% |
| 3 Bedrooms | $149.7K | $149.9K | 0.1% |
| 4 Bedrooms | $195K | $208K | +6.7% |
| 5+ Bedrooms | $240K | $225K | -6.3% |
Summary: Bel Air / Edison housing prices by bedroom type for October 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 increased by 0.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkside | $170K | $180K | +5.9% |
| Bel Air / Edison | $148K | $150K | +1.4% |
Housing Supply in Bel Air / Edison, MD
How many homes are available in Bel Air / Edison, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 89 | +12.7% |
Summary: The Bel Air / Edison real estate market had 89 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bel Air / Edison housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bel Air / Edison in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 80 Days | +75.3% |
Summary: Homes in Bel Air / Edison had an average of 80 days on market in Oct 2024, up by 75.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bel Air / Edison are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 17 homes were sold in Bel Air / Edison; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
