Is Churchville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Churchville has remained a Seller's Market.
Key Takeaway
Churchville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Churchville, MD
How much do homes in Churchville, MD cost?
Median Sold Price
$622,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Churchville have sold for 29.7% more than they did a year ago.
Summary: The median home sold price in Churchville was $622,500 in May 2024, up 29.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357.5K | $750K | +109.8% |
| 3 Bedrooms | $305K | $429.9K | +41.0% |
| 4 Bedrooms | $550K | $627.5K | +14.1% |
| 5+ Bedrooms | $682.5K | $950K | +39.2% |
Summary: Churchville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 109.8%, 3 bedroom homes increased by 41%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 39.2%.
Housing Supply in Churchville, MD
How many homes are available in Churchville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Churchville real estate market had 10 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Churchville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Churchville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Churchville in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Churchville, MD
How long does it take to sell a home in Churchville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 126 Days | +47.7% |
Summary: Homes in Churchville had an average of 126 days on market in May 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Churchville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Churchville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
