$689 Closing Credit*
$58,000
1,102 SqFt
3 Beds
•1 Full Bath
Cathy London, Listing Office: Future Realty, Inc.
Is Reservoir Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Reservoir Hill was a Buyer's Market.
Key Takeaway
Reservoir Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reservoir Hill, MD
How much do homes in Reservoir Hill, MD cost?
Median Sold Price
$306,200
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,700(+0.6%)
Key Takeaway
Homes in Reservoir Hill have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Reservoir Hill was $306,200 in October 2024, up 0.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132K | $157.5K | +19.3% |
| 3 Bedrooms | $142.5K | $145.2K | +1.9% |
| 4 Bedrooms | $304.5K | $347.5K | +14.1% |
| 5+ Bedrooms | $450K | $430K | -4.4% |
Summary: Reservoir Hill 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 19.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in Reservoir Hill, MD
How many homes are available in Reservoir Hill, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Reservoir Hill real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Reservoir Hill 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 increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reservoir Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Reservoir Hill in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 66 Days | +101.5% |
Summary: Homes in Reservoir Hill had an average of 66 days on market in Oct 2024, up by 101.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reservoir Hill has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Reservoir Hill; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
