$416 Closing Credit*
$35,000
3 Beds
•1 Full Bath
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Shipley 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, Shipley Hill was a Buyer's Market.
Key Takeaway
Shipley Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shipley Hill, MD
How much do homes in Shipley Hill, MD cost?
Median Sold Price
$51,905
$43/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,905(+48.3%)
Key Takeaway
Homes in Shipley Hill have sold for 48.3% more than they did a year ago.
Summary: The median home sold price in Shipley Hill was $51,905 in October 2024, up 48.3% from last year, and the median price per square foot was $43.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.7K | - | N/A |
| 2 Bedrooms | $30K | $55K | +83.3% |
| 3 Bedrooms | $39.1K | $43.6K | +11.6% |
| 4 Bedrooms | $30K | $165K | +450.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Shipley 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 83.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 450%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Shipley Hill | $35K | $51.9K | +48.3% |
| Penrose / Fayette Street Outreach | $71.5K | $66.7K | -6.6% |
| Millhill | $59.5K | $54K | -9.2% |
Housing Supply in Shipley Hill, MD
How many homes are available in Shipley Hill, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Shipley Hill real estate market had 19 homes for sale in October 2024, a 18.8% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Shipley 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shipley 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 3 homes were sold or pending in Shipley Hill in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Shipley Hill, MD
How long does it take to sell a home in Shipley Hill, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 61 Days | +335.7% |
Summary: Homes in Shipley Hill had an average of 61 days on market in Oct 2024, up by 335.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shipley Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Shipley Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
