Real Estate Market Update for Bel Air, MD
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 19% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 36%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold increased 47% year-over-year, and decreased 13% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for Bel Air, MD
Area Information for Bel Air, MD
  • Population: 10,212
  • Median Age: 41.36 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 3,491/sq mi
  • Population Change Since 2000: 7.85%
  • Closest Airport: Baltimore/washington International Thurgood Marshall
  • Closest College: Goucher College
  • Closest Jr. College: Harford Community College
  • Median Household Income: $71,324
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $187,750
  • Closest Major Sports Team: Aberdeen Ironbirds (a)
  • Change Avg. Household Income Since 2000: 50.48%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Bel Air, MD
Median Age: 41.36 Married: 45% Number of Households: 4,514 Households with Children: 1,172
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 School Rating Parent Rating
      Southampton Middle School 0.5 mi Public 6-8 5 0
      John Carroll School 0.5 mi Catholic 9-12 0 4
      Fountain Green Elementary School 1.0 mi Public K-5 5 0
      Harford Day School 1.3 mi Private PRESCHOOL-8 0 0
      St Margaret School 1.3 mi Catholic PRESCHOOL-8 0 0
      St Margaret Elementary/middle School 1.3 mi Catholic PRESCHOOL-8 0 0
      C. Milton Wright High School 1.3 mi Public 9-12 4 4
      Bel Air Elementary School 1.4 mi Public PRESCHOOL-5 4 0
      Bel Air High School 1.4 mi Public 9-12 4 4
      Homestead/wakefield Elementary School 1.4 mi Public PRESCHOOL-5 5 0
      Bel Air Middle School 1.4 mi Public 6-8 5 0
      Ring Factory Elementary School 1.9 mi Public K-5 5 0
      Prospect Mill Elementary School 2.0 mi Public PRESCHOOL-5 5 0
      John Archer School 2.2 mi Public UNGRADE-UNGRADE 0 0
      Harford Technical High School 2.3 mi Public 9-12 4 3
      Patterson Mill Middle School 2.3 mi Public 6-12 5 5
      Patterson Mill High School 2.3 mi Public 9-12 5 4
      Bel Forest Christian Academy 2.7 mi Private PRESCHOOL-5 0 0
      Emmorton Baptist Academy 2.8 mi Private K-12 0 0
      Hickory Elementary School 2.8 mi Public K-5 5 0
      Red Pump Elementary School 3.0 mi Public K-7 5 0
      Hickory Child Development Center 3.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Awakening Child Montessori School 3.7 mi Private PRESCHOOL-K 0 0
      Emmorton Elementary School 3.9 mi Public K-5 4 0
      The Highlands School 4.4 mi Private K-8 0 0
      The Arrow Center For Education-fair Meadows 4.5 mi Private 6-12 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Bel Air, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.