Real Estate Market Update for Bel Air, MD
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 14% from one year earlier, and up 8% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 33%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold decreased 9% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Bel Air, MD
Area Information for Bel Air, MD
  • Population: 1,253
  • Median Age: 42.93 yr
  • Median Commute Time: 18.62 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 2,753/sq mi
  • Population Change Since 2000: 2.45%
  • Closest Airport: Arnold Palmer Regional
  • Closest College: Frostburg State University
  • Closest Jr. College: Allegany College Of Maryland
  • Median Household Income: $51,345
  • Annual Residential Turnover: 10%
  • Median Years in Residence: 4.8 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: Altoona Curve
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Bel Air, MD
Median Age: 42.93 Married: 40% Number of Households: 530 Households with Children: 128
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Bel Air, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Southampton Middle School 0.5 mi Public 6-8 4-5 4
      John Carroll School 0.6 mi Catholic 9-12 0 3
      Fountain Green Elementary School 1.0 mi Public K-5 4-5 4
      Harford Day School 1.3 mi Private PRESCHOOL-8 0 4
      St Margaret Elementary/middle School 1.3 mi Catholic PRESCHOOL-8 0 0
      St Margaret School 1.3 mi Catholic PRESCHOOL-8 0 0
      Homestead/wakefield Elementary School 1.4 mi Public PRESCHOOL-5 4-5 4
      Bel Air High School 1.4 mi Public 9-12 4-5 3
      Bel Air Elementary School 1.4 mi Public PRESCHOOL-5 3-5 5
      Bel Air Middle School 1.4 mi Public 6-8 4-5 3
      C. Milton Wright High School 1.4 mi Public 9-12 4 4
      Ring Factory Elementary School 1.8 mi Public K-5 4-5 5
      Prospect Mill Elementary School 2.0 mi Public PRESCHOOL-5 4 5
      John Archer School 2.2 mi Public UNGRADE-UNGRADE 0 0
      Harford Technical High School 2.3 mi Public 9-12 3-5 5
      Patterson Mill Middle School 2.3 mi Public 6-12 5 4
      Patterson Mill High School 2.3 mi Public 9-12 4-5 4
      Bel Forest Christian Academy 2.7 mi Private PRESCHOOL-5 0 4
      Emmorton Baptist Academy 2.8 mi Private K-12 0 0
      Hickory Elementary School 2.8 mi Public K-5 4-5 4
      Red Pump Elementary School 3.0 mi Public - 0 0
      Hickory Child Development Center 3.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Emmorton Elementary School 3.6 mi Public K-5 4-5 5
      Awakening Child Montessori School 3.7 mi Private PRESCHOOL-K 0 0
      The Highlands School 4.3 mi Private K-8 0 4
      The Arrow Center For Education-fair Meadows 4.4 mi Private 6-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Bel Air, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.