BEL AIR HOUSING MARKET DATA

There was an increase in total units sold in March, with 51 sold this month in Bel Air Real Estate versus 43 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 6%. The total number of active inventory this March was 74 compared to 79 in March 2024. This month's total of 74 is lower than the previous month's total supply of available inventory of 104, a decrease of 29%.

Last March, the median sale price for Bel Air Homes was $445,300. This March, the median sale price was $385,000, a decrease of 14% or $60,300 compared to last year. The current median sold price is 6% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 1.5 months of supply available in Bel Air, compared to 1.3 in March 2024. That is an increase of 8% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 61 homes newly listed for sale in Bel Air compared to 82 in March 2024, a decrease of 26%. There were 79 current contracts pending sale this March compared to 65 a year ago. The number of current contracts is 22% higher than last March.

In March, the average sale price in Bel Air was 100.9% of the average list price, which is 2.4% lower than at this time last year.

This month, the average number of days on market was 25, which is similar compared to a year ago.





FOCUS ON: BEL AIR HOUSING MARKET			MARCH 2025

Zip Code(s): 21014 and 21015
Units Sold 51	Active Inventory 74	Median Sale Price $385,000	Days On Market 25

Down -14% Vs. Year Ago	Down -6% Vs. Year Ago	Down -14% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 51 sold this month in Bel Air Real Estate versus 43 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 6%. The total number of active inventory this March was 74 compared to 79 in March 2024. This month's total of 74 is lower than the previous month's total supply of available inventory of 104, a decrease of 29%.
		Median Sale Price Last March, the median sale price for Bel Air Homes was $445,300. This March, the median sale price was $385,000, a decrease of 14% or $60,300 compared to last year. The current median sold price is 6% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 61	Current Contracts 79	Sold Vs. List Price 100.9%	Months of Supply 1.5

Down -26% Vs. Year Ago	Up 22% Vs. Year Ago	Down -2.4% Vs. Year Ago	Up 8% Vs. Year Ago


		Months of Supply In March, there was 1.5 months of supply available in Bel Air, compared to 1.3 in March 2024. That is an increase of 8% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 61 homes newly listed for sale in Bel Air compared to 82 in March 2024, a decrease of 26%. There were 79 current contracts pending sale this March compared to 65 a year ago. The number of current contracts is 22% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Bel Air was 100.9% of the average list price, which is 2.4% lower than at this time last year. Days on Market This month, the average number of days on market was 25, which is similar compared to a year ago.


	Bel Air are defined as properties listed in zip code/s 21014 and 21015.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.