Is Glenham / Belhar, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenham / Belhar is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Glenham / Belhar has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Glenham / Belhar, MD

How much do homes in Glenham / Belhar, MD cost?

Median Sold Price

$260,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+16.1%)

Key Takeaway

Homes in Glenham / Belhar have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Glenham / Belhar was $260,000 in October 2024, up 16.1% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $167.5K$155K
-7.5%
3 $201K$220K
+9.5%
4 $265.5K$306K
+15.3%
5+ $255K$374.9K
+47.0%

Summary: Glenham / Belhar 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 decreased by 7.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 47%.

Housing Supply in Glenham / Belhar, MD

How many homes are available in Glenham / Belhar, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3032+6.7%

Summary: The Glenham / Belhar real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1518
+20.0%
4 1110
-9.1%
5+ 33
0.0%

Summary: The Glenham / Belhar 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 20%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glenham / Belhar, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Glenham / Belhar in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Glenham / Belhar, MD

How long does it take to sell a home in Glenham / Belhar, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days55 Days+388.2%

Summary: Homes in Glenham / Belhar had an average of 55 days on market in Oct 2024, up by 388.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glenham / Belhar has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Glenham / Belhar; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 13 Days Ago

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