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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Halethorpe is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Halethorpe, MD

How much do homes in Halethorpe, MD cost?

Median Sold Price

$320,333

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,333(+10.5%)

Key Takeaway

Homes in Halethorpe have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Halethorpe was $320,333 in November 2024, up 10.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $201K$173K
-13.9%
2 $227.5K$240K
+5.5%
3 $282.5K$310.5K
+9.9%
4 $335K$390K
+16.4%
5+ $372.5K$392.5K
+5.4%

Summary: Halethorpe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Brooklyn
+14.4%
Catonsville
+13.7%
Halethorpe
+10.5%
Baltimore
+3.0%
Hanover
+1.4%

Housing Supply in Halethorpe, MD

How many homes are available in Halethorpe, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8782-5.7%

Summary: The Halethorpe real estate market had 82 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 5852
-10.3%
4 1821
+16.7%
5+ 13
+200.0%

Summary: The Halethorpe 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 40%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2734+25.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Halethorpe, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Halethorpe in November 2024, up by 25.9% month-over-month. Of the 34 sold homes, 18% were sold under asking, 29% were sold at asking, and 53% were sold over asking.

Days on Market for Halethorpe, MD

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days15 Days-7.0%

Summary: Homes in Halethorpe had an average of 15 days on market in Nov 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 34 homes were sold in Halethorpe; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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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