Home Values

Bel Air Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$278,100

  • 1.5% 1-year change
  • 0.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Bel Air is $278,100. Bel Air home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in Bel Air is $163, which is lower than the Baltimore Metro average of $168. The median price of homes currently listed in Bel Air is $304,800 while the median price of homes that sold is $265,550. The median rent price in Bel Air is $1,500, which is lower than the Baltimore Metro median of $1,565.

Foreclosures will be a factor impacting home values in the next several years. In Bel Air 1.9 homes are foreclosed (per 10,000). This is lower than the Baltimore Metro value of 3.7 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bel Air is 6.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Bel Air homeowners underwater on their mortgage is 14.1%, which is lower than Baltimore Metro at 21.7%.

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Relative ZHVI
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Bel Air Market Overview

Data through Aug 31, 2014
  • $278,100 ZHVI
  • 0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $304,800 Median listing price
  • $265,550 Median sale price
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Bel Air Market Health

Data through Aug 31, 2014
  • 4.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 14.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.9 homes Bel Air
3.7 homes Baltimore Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Fallston $344,000 Churchville $339,000 Forest Hill $316,500
Street $312,000 Darlington $244,200 Abingdon $228,100
Joppa $221,100 Belcamp $167,900 Edgewood $150,600

Listings & Sales

Data through Aug 31, 2014
  • $163 Median list price / sq ft
  • $157 Median sale price / sq ft
  • 54.5% Listings with price cut
27.1%
Sold below listing
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Bel Air Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,872 Bel Air
    $1,704 Baltimore Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.12 Rent list price / sq ft
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