Is Chapel Grove, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chapel Grove has remained a Seller's Market.
Key Takeaway
Chapel Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chapel Grove, MD
How much do homes in Chapel Grove, MD cost?
Median Sold Price
$556,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chapel Grove have sold for 32.6% less than they did a year ago.
Summary: The median home sold price in Chapel Grove was $556,000 in April 2024, down 32.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $485K | $500K | +3.1% |
| 4 Bedrooms | $770K | $556K | -27.8% |
| 5+ Bedrooms | $910K | $900K | -1.1% |
Summary: Chapel Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Odenton | $405K | $428.4K | +5.8% |
| Piney Orchard | $477.5K | $500K | +4.7% |
| Chapel Grove | $825K | $556K | -32.6% |
Housing Supply in Chapel Grove, MD
How many homes are available in Chapel Grove, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Summary: The Chapel Grove real estate market had 4 homes for sale in April 2024, a 300.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chapel Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chapel Grove, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Chapel Grove in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Chapel Grove, MD
How long does it take to sell a home in Chapel Grove, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 200 Days | 2 Days | -99.0% |
Summary: Homes in Chapel Grove had an average of 2 days on market in Apr 2024, down by 99% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chapel Grove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Chapel Grove; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
