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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walbrook is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Walbrook, MD

How much do homes in Walbrook, MD cost?

Median Sold Price

$233,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+2.6%)

Key Takeaway

Homes in Walbrook have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Walbrook was $233,000 in November 2024, up 2.6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$215K
N/A
3 $147.4K$227.4K
+54.3%
4 $235K$225K
-4.3%
5+ $255K$276K
+8.2%

Summary: Walbrook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 54.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Neighborhoods

Hanlon / Longwood
+9.0%
Northwest
+6.2%
West
+4.4%
Walbrook
+2.6%
Coppin Heights / Ash-Co-East
-3.8%

Housing Supply in Walbrook, MD

How many homes are available in Walbrook, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2221-4.5%

Summary: The Walbrook real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1515
0.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The Walbrook 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walbrook, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Walbrook in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Walbrook, MD

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

Average Sale Time

Nov 2023Nov 2024CHANGE
85 Days71 Days-16.4%

Summary: Homes in Walbrook had an average of 71 days on market in Nov 2024, down by 16.4% 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 Walbrook are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Walbrook; 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 15 Days Ago

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