Is Hampstead, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hampstead has remained a Seller's Market.
Housing Prices in Hampstead, MD
How much do homes in Hampstead, MD cost?
Median Sold Price
$375,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hampstead was $375,000 in May 2024, up 11.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $231.5K | +5.2% |
3 Bedrooms | $315K | $360K | +14.3% |
4 Bedrooms | $440K | $500K | +13.6% |
5+ Bedrooms | $533.5K | $575K | +7.8% |
Summary: Hampstead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Hampstead, MD
How many homes are available in Hampstead, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Summary: The Hampstead real estate market had 36 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Hampstead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hampstead in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Hampstead, MD
How long does it take to sell a home in Hampstead, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -52.9% |
Summary: Homes in Hampstead had an average of 8 days on market in May 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Hampstead; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.