$6,768 Closing Credit*
$569,900
3,440 SqFt
Christopher J Cooke, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Reservoir Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Reservoir Hill was a Seller's Market.
Key Takeaway
Reservoir Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reservoir Hill, MD
How much do homes in Reservoir Hill, MD cost?
Median Sold Price
$350,000
$148/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$90,995(-20.6%)
Key Takeaway
Homes in Reservoir Hill have sold for 20.6% less than they did a month ago.
Summary: The median home sold price in Reservoir Hill was $350,000 in November 2024, down 20.6% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $451.9K | $170K | -62.4% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $369K | $350K | -5.1% |
| 5+ Bedrooms | $504.9K | $350K | -30.7% |
Summary: Reservoir Hill housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 62.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 30.7%.
Housing Supply in Reservoir Hill, MD
How many homes are available in Reservoir Hill, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Reservoir Hill real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Reservoir Hill 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 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reservoir Hill, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Reservoir Hill in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Reservoir Hill, MD
How long does it take to sell a home in Reservoir Hill, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 87 Days | +31.3% |
Summary: Homes in Reservoir Hill had an average of 87 days on market in Nov 2024, up by 31.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reservoir Hill has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Reservoir Hill; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
