Bel Air First-Time Homebuyer Report for January

Bel Air is a larger than average city in Maryland with 10,120 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 8.9%. Bel Air is an area where most people own their homes, with an ownership ratio of 59.5%. The top schools in the city are Bel Air Middle School and Bel Air High School.

Culture

According to Foursquare, Looney's Pub is the most popular spot to grab a drink in Bel Air. A good place to get a cup of coffee is Einstein Bros Bagels. And finally, Target, Best Buy, and Barnes & Noble are frequently visited places to shop.

Price Range

Home values in Bel Air are generally in line with others in the state with a median home value of $224,500 and an average list price of $201,055. Home sales in the Bel Air market remained cold in this week's report as they dropped 25.0% to nine homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Bel Air? These listings have stirred up interest and produced the most views:

$245K   $159K   $229K  

Typical Dwelling

A two-bedroom condo valued around $145,898 is considered a typical dwelling in Bel Air. If a buyer was looking for a similar home, they would need good credit and a $29,180 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,093 and the property tax rate is $10.49 per $1,000 of taxable assessed value.

Get started right now by checking out Bel Air homes for sale or reviewing Bel Air real estate trends.


Data reported through 1/12/2017

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Coldwell Banker Residential Brokerage
Snapped 2 homes in this area
Cummings & Co Realtors LLC
Snapped 6 homes in this area
Goldsmith Realty, Inc.
Snapped 4 homes in this area

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