BEL AIR HOUSING MARKET DATA

There was an increase in total units sold in May, with 85 sold this month in Bel Air Real Estate versus 69 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 31% versus May 2024.

Versus last year, the total number of homes available this month is higher by 24 units or 24%. The total number of active inventory this May was 122 compared to 98 in May 2024. This month's total of 122 is higher than the previous month's total supply of available inventory of 105, an increase of 16%.

Last May, the median sale price for Bel Air Homes was $440,475. This May, the median sale price was $461,575, an increase of 5% or $21,100 compared to last year. The current median sold price is 1% lower than in April.

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

In May, there was 1.4 months of supply available in Bel Air. The amount of supply is similar compared to 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 100 homes newly listed for sale in Bel Air compared to 82 in May 2024, an increase of 22%. There were 75 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 4% lower than last month.

In May, the average sale price in Bel Air was 101.7% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 17, higher than the average last year, which was 14, an increase of 21%.





FOCUS ON: BEL AIR HOUSING MARKET			MAY 2025

Zip Code(s): 21014 and 21015
Units Sold 85	Active Inventory 122	Median Sale Price $461,575	Days On Market 17

Up 31% Vs. Year Ago	Up 24% Vs. Year Ago	Up 5% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 85 sold this month in Bel Air Real Estate versus 69 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 31% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 24 units or 24%. The total number of active inventory this May was 122 compared to 98 in May 2024. This month's total of 122 is higher than the previous month's total supply of available inventory of 105, an increase of 16%.
		Median Sale Price Last May, the median sale price for Bel Air Homes was $440,475. This May, the median sale price was $461,575, an increase of 5% or $21,100 compared to last year. The current median sold price is 1% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 100	Current Contracts 75	Sold Vs. List Price 101.7%	Months of Supply 1.4

Up 22% Vs. Year Ago	No Change Vs. Year Ago	Down -0.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.4 months of supply available in Bel Air. The amount of supply is similar compared to 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 100 homes newly listed for sale in Bel Air compared to 82 in May 2024, an increase of 22%. There were 75 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 4% lower than last month.
		Sale Price to List Price Ratio In May, the average sale price in Bel Air was 101.7% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 17, higher than the average last year, which was 14, an increase of 21%.


	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.