Is North Harford Road, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Harford Road is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North Harford Road was a Neutral Market.

Key Takeaway

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

Housing Prices in North Harford Road, MD

How much do homes in North Harford Road, MD cost?

Median Sold Price

$250,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,950(-4.6%)

Key Takeaway

Homes in North Harford Road have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in North Harford Road was $250,000 in October 2024, down 4.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $140K$200K
+42.9%
3 $245.5K$249.9K
+1.8%
4 $350K$300K
-14.3%
5+ $360K$372K
+3.3%

Summary: North Harford Road 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 42.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 3.3%.

Housing Supply in North Harford Road, MD

How many homes are available in North Harford Road, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2927-6.9%

Summary: The North Harford Road real estate market had 27 homes for sale in October 2024, a 6.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1920
+5.3%
4 65
-16.7%
5+ 21
-50.0%

Summary: The North Harford Road 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 decreased by 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Harford Road, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in North Harford Road in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for North Harford Road, MD

How long does it take to sell a home in North Harford Road, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days46 Days+635.8%

Summary: Homes in North Harford Road had an average of 46 days on market in Oct 2024, up by 635.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in North Harford Road; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

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