Is Belcamp, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belcamp is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Belcamp has remained a Seller's Market.

Key Takeaway

Belcamp is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belcamp, MD

How much do homes in Belcamp, MD cost?

Median Sold Price

$275,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+2.2%)

Key Takeaway

Homes in Belcamp have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Belcamp was $275,000 in November 2024, up 2.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$180K
N/A
2 $229K$232K
+1.3%
3 $271K$275K
+1.5%
4 $385K$386.3K
0.3%
5+ $490K$470K
-4.1%

Summary: Belcamp 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 1.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Belcamp
+2.2%
Abingdon
+1.0%

Housing Supply in Belcamp, MD

How many homes are available in Belcamp, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3736-2.7%

Summary: The Belcamp real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 1919
0.0%
4 55
0.0%
5+ 12
+100.0%

Summary: The Belcamp 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belcamp, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Belcamp in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.

Days on Market for Belcamp, MD

How long does it take to sell a home in Belcamp, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days14 Days-23.1%

Summary: Homes in Belcamp had an average of 14 days on market in Nov 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belcamp are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in Belcamp; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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