Is Brock Hall, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brock Hall is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Brock Hall was a Seller's Market.

Key Takeaway

Brock Hall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Brock Hall, MD

How much do homes in Brock Hall, MD cost?

Median Sold Price

$579,834

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$55,165(-8.7%)

Key Takeaway

Homes in Brock Hall have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in Brock Hall was $579,834 in November 2024, down 8.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$579.2K
N/A
3 $555K$510K
-8.1%
4 $662.8K$695K
+4.8%
5+ $754.2K$732.5K
-2.9%

Summary: Brock Hall 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 did not change, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 2.9%.

Housing Supply in Brock Hall, MD

How many homes are available in Brock Hall, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4943-12.2%

Summary: The Brock Hall real estate market had 43 homes for sale in November 2024, a 12.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1113
+18.2%
4 3222
-31.3%
5+ 68
+33.3%

Summary: The Brock Hall 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brock Hall, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Brock Hall in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Brock Hall, MD

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

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days16 Days+204.7%

Summary: Homes in Brock Hall had an average of 16 days on market in Nov 2024, up by 204.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Brock Hall; 75% of homes were sold within 30 days, 25% 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 3 Days Ago

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