Altos Market Data for Realtors

Bel Air, MD

Single-Family Homes

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Bel Air, MD

Tue Sep 21 2021
This week the median list price for Bel Air, MD is $460,000 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has increased to 39. Click here to stay informed with the Bel Air market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Bel Air, MD

Tue Sep 21 2021
This week the median list price for Bel Air, MD is $460,000 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has increased to 39. Click here to stay informed with the Bel Air market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Bel Air market.
Median List Price $460,000
Median Price of New Listings $460,000
Per Square Foot $194
Average Days on Market 76
Median Days on Market 21
Price Decreased 38%
Price Increased 3%
Relisted 8%
Inventory 39
Median Rent $1,825
Market Action 80
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$749,900 4,082 0.5 - 1 acre 4 3 18 1 2 35
$537,450 3,085 0.25 - 0.5 acre 4 3 30 5 4 3
$402,450 2,259 0.25 - 0.5 acre 4 3 35 4 3 7
$297,450 1,411 0.25 - 0.5 acre 3 1 61 3 4 38